Software stocks rebounded as analysts reassured investors that AI won’t disrupt business models. Oracle shares surged 10% due to optimism over an OpenAI deal. Tech-Software Sector ETF, including Microsoft and Palantir, rose 3%. Salesforce and ServiceNow were added to Wedbush Securities’ AI 30 List, dismissing “Armageddon” narrative. Monday.com stock fell 20% on weak revenue forecast. Customers still value technology, seeking ways to leverage it effectively. AI and software companies can co-exist, but pricing power remains a concern. ServiceNow stock down 32% on AI fears.

Read more at Yahoo Finance: Software stocks jump as Wall Street pushes back on ‘doomsday scenario’ for industry