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Tech Stocks Rally on Geopolitical Relief | Business and Finance News
Description
Markets breathed easy yesterday as U.S.-Iran de-escalation eased global conflict fears, boosting tech stocks and calming Fed rate hike pressure—especially helping software firms rebound. AI’s impact on SaaS remains uncertain, though, with big names like Salesforce and Adobe still struggling amid Accenture’s AI demand warnings. RingCentral soared on the upside, but investors remain wary as AI’s long-term revenue potential vs. disruption hangs in the balance.
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