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AI Panic Overcorrected in Software Stocks | Business and Finance News

AI Panic Overcorrected in Software Stocks | Business and Finance News

Published 2 days, 8 hours ago
Description

Enterprise software got a major boost this week as Guggenheim analysts upgraded Salesforce and ServiceNow to “Buy,” betting on undervaluation after AI fears triggered panic selling. The move sparked renewed investor interest, sending Zscaler, Freshworks, and Sprinklr soaring — Zscaler up nearly 5%, Freshworks and Sprinklr both climbing over 3%. While Zscaler’s volatility remains, the broader market’s easing inflation fears helped growth stocks rebound. It’s a clear signal: when fear drives prices down, smart money starts looking for the rebound.

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