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Software stocks enter bear market on AI disruption fear with ServiceNow plunging 11% Thursday
Market Intelligence Analysis
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Why This Matters
Software stocks are experiencing a bear market due to fears of disruption from AI, with ServiceNow plummeting 11% and the iShares Expanded Tech-Software Sector ETF facing its largest one-day decline since April 4.
Market Impact
Market impact analysis based on bearish sentiment with 90% confidence.
Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
The iShares Expanded Tech-Software Sector ETF is on pace for its biggest one-day decline since April 4 during the tariff-triggered downturn.
Original article published by
CNBC
on January 29, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.