AI Anxiety Triggers Software Sell-Off: nCino, Dynatrace, and SaaS Peers Slide as Investors Rethink Portfolios
A wave of selling pressure hit the software sector Wednesday morning, dragging down shares of companies like nCino, Dynatrace, and Sprout Social. The decline reflects mounting investor concerns over artificial intelligence's disruptive impact, prompting a shift away from traditional software providers toward firms with clearer AI-integration strategies.