Software stocks rise as AI worries hit Nasdaq
28/07/2026 16:41
BUZZ-Software stocks rise as AI worries hit Nasdaq ** Shares of software companies rise in late morning trading as AI worries hit Nasdaq
** Enterprise software companies Salesforce CRM.N, Workday WDAY.O, ServiceNow NOW.N, Intuit INTU.O, Atlassian TEAM.O and IBM IBM.N rise between 2% and 6.9%
** U.S.-listed shares of Thomson Reuters TRI.N, the parent company of Reuters News, rise 7%
** IT consulting companies Infosys INFY.N, Wipro WIT.N and Cognizant CTSH.O rise between 1.4% and 8%
** Shares of European software companies SAP SAPG.DE, Sage SGE.L and Dassault Systemes DAST.PA also gain between 2% and 8%
** S&P 500 Software & Services Index .SPLRCIS down 8.6% YTD
(Reporting by Anzar Mehraj in Bengaluru)
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