Software stocks slide as Fortinet, ServiceNow fail to meet lofty investor expectations

T1Covered by 1 source · first reported by Economic Times — Tech / Technology / Startups / ETTelecom at 29 Oct, 12:18 UTC

Software companies have been under intense scrutiny this year as investors weigh the likelihood of newer AI models disrupting traditional business models. The S&P 500 Software & Services Index has managed a 6% year-to-date rise, just about half the gains recorded by the S&P 500.