Everything on Software / Valuation Risk

ServiceNow's stock collapsed 20% amid intense investor scrutiny on AI revenue growth rates, with comparisons to AI labs highlighting growth disparities, causing multiple compression across the software sector.

Impact: Software valuations are becoming highly sensitive to AI revenue quality; companies without demonstrable AI monetization may face continued downside pressure and valuation resets.

— from Chip Rally, Software Woes, and Consumer Turnarounds Reshape Markets · OHNE AKTIEN WIRD SCHWER - Tägliche Börsen-News· Apr 24, 2026