Investors Are Dumping Software Stocks and Earnings Won’t Stop It
Market Intelligence Analysis
AI-PoweredInvestors are pessimistic about software stocks, expecting earnings reports to have little impact on reversing the negative growth trend caused by AI's impact on the industry.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
A number of software companies report earnings this week, including Workday Inc., Salesforce Inc., Intuit Inc., Autodesk Inc. and Snowflake Inc. But worries about AI’s relentless drag on growth are so prevalent there may be little management teams can say or do to reverse it, at least for now. “Everyone wants to just hit the sell button and get out,” said Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers Solutions, which has $1.4 trillion in assets under management.
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