On Thursday, Wedbush analyst Dan Ives said that Wall Street is punishing software stocks like Salesforce Inc. (NYSE:CRM), ServiceNow Inc. (NYSE:NOW) and Microsoft Corp (NASDAQ:MSFT) as if they are no longer relevant in the AI age. Ives: Historic Selloff Unlike Anything Before Speaking with Bloomberg, Ives addressed the ongoing drawdowns in software stocks. “I could tell you in 25 years, this structural sell-off in software is unlike anything I’ve ever seen.” He continues saying that investors ar
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