Morgan Stanley downgraded Salesforce, Workday, Intuit, SPS Commerce, Rapid7, PagerDuty, Wix, Vertex, and Nice, citing slow AI revenue growth and legacy business weakness. Price targets cut sharply.
Workday shares jumped after beating Q1 estimates. Returning CEO Aneel Bhusri said AI agents more than doubled as the company raised its full-year margin outlook.
U.S. President Donald Trump disclosed hundreds of millions in stock trades in Q1 2026 — heavy buys in Nvidia, Microsoft, Adobe, ServiceNow and more during the tech selloff.
Michael Burry warns: Anthropic’s easy, cheap AI is outpacing Palantir, which may lose private business despite gov’t contracts.
Workday forecasts $9.93B–$9.95B subscription revenue for 2027 (below $10B estimates) as companies slow tech buys. Shares fall 9% despite solid Q4 beat; Anthropic AI news sparks $830B sector selloff.
A viral research report paints a scary AI future with high unemployment and crashing markets despite productivity gains. Software and payments stocks tank as investors react to the "what if AI success is bad?" scenario.
