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Automation Stocks Surge on AI Momentum | Business and Finance News
Description
Automation software is on fire—five top players smashed earnings forecasts, fueled by AI-powered enterprise solutions. Revenues soared 5.2% above estimates, with a blistering 3.8% beat projected for next quarter. Stocks jumped an average of 14.8% since reports, proving investor confidence is soaring. Microsoft led with $90B in revenue (up 17.7%) and a 2.6% beat, while SoundHound AI stunned with 45% growth and an 18.1% earnings surprise. Pegasystems underperformed slightly but still saw a 2.4% stock gain. Appian and ServiceNow also delivered strong results. The market’s AI obsession? It’s paying off—companies mastering AI aren’t just surviving, they’re dominating.
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