AI-driven revenue worries spark tech stock selloff
Investors dumped tech shares after traders realized AI could erode revenues across enterprise software and SaaS, triggering a broad selloff that wiped hundreds of billions in market value. The downturn hit names like Microsoft, SAP, Salesforce, and ServiceNow, with analysts warning AI-enabled tools could compress migration timelines and reduce application‑services revenues, potentially reshaping profitability for IT and software firms in the near term.
