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AI Was Supposed To Kill Software Stocks: ServiceNOW Just Staged Its Best Rally On Record
Benzinga·
Enterprise software stocks have staged a dramatic reversal after months of AI-displacement fears. ServiceNow posted a historic 40% rally in four sessions, while the software sector ETF (IGV) climbed 15% in three days. The narrative shift was catalyzed by Nvidia CEO Jensen Huang's endorsement that the AI agent era represents one of the best moments to be a software company, as platforms will be essential infrastructure for AI agents to operate through.
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