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AI Fears Fade as Software Stocks Rally | Business and Finance News
Description
The Trade Desk’s stock surged over 5% after an analyst upgraded it — not for AI hype, but as a valuation play. Fears of AI disruption had unfairly crushed tech stocks, including The Trade Desk, making them ripe for bargain hunters. The same analyst also upgraded Salesforce and ServiceNow to “Buy,” sparking a sector-wide rally. While the move signals a short-term sentiment shift, it doesn’t rewrite The Trade Desk’s long-term story. After a volatile year, the software sector is now seeing profit-taking amid a rapid recovery — suggesting investors are cautiously betting on value over hype, as AI’s true impact continues to unfold.
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