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Software Stocks Plunge 8%-18% Amid AI, Middle-East Concerns

4/24/2026

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Summary

Story summary

ServiceNow shares sank about 18% on Thursday, Sept 4 2025, its worst day on record.
IBM beat earnings estimates on Wednesday, causing its stock to fall 8% after unchanged guidance.
Analysts tied the software sell-off to AI-tool concerns from Anthropic and OpenAI and to ServiceNow’s Middle-East conflict headwind.
Salesforce, HubSpot and Adobe fell 7%-9% on Thursday, with Workday sliding 9% and staying down over 45% YTD.

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Story summary

ServiceNow shares sank about 18% on Thursday, Sept 4 2025, its worst day on record.
IBM beat earnings estimates on Wednesday, causing its stock to fall 8% after unchanged guidance.
Analysts tied the software sell-off to AI-tool concerns from Anthropic and OpenAI and to ServiceNow’s Middle-East conflict headwind.
Salesforce, HubSpot and Adobe fell 7%-9% on Thursday, with Workday sliding 9% and staying down over 45% YTD.