Shares of Palantir, ServiceNow, and Salesforce dropped 4-5% amid investor worries about how AI infrastructure spending is financed. These companies, which sell AI-enhanced software on subscription models, are affected as doubts grow about the sustainability of AI investments. ServiceNow also clarified it will not acquire AI startup Decagon, focusing instead on organic growth. The selloff reflects broader skepticism in AI-linked stocks and may impact valuations across the software sector going forward.
Following the recent drop in enterprise software stocks due to AI financing concerns, Palantir shares are down 6.53% at USD 187.40 on Pluang as of Oct 16, 2026 23:11 WIB. ServiceNow also shows a 5.45% decline to USD 140.48, with 98% of Pluang orders selling. Salesforce is trading at USD 239.42, down 2.97%, with a typical hold time of 89 days on Pluang.
Palantir Technologies shares surged following a strong second-quarter report, beating earnings estimates and raising full-year revenue guidance. The company reported a 92.83% revenue increase to $1.935 billion and saw U.S. commercial revenue grow 149...
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ServiceNow's stock rose 5% after the company denied rumors of acquiring AI customer-service agent maker Decagon, emphasizing its focus on organic growth and no major acquisition plans. This move reassures investors about ServiceNow's strategy to deve...
Palantir Technologies reported a 93% revenue growth, driven by a 149% jump in U.S. commercial revenue, with strong earnings beating expectations and raised full-year guidance. Despite this, the stock trades at an extremely high valuation of 180 times...
Palantir Technologies' stock surged 16% over the past month, outperforming major software peers, but fell 4% today to $201.31. The recent settlement of a lawsuit with London's mayor's office over a police contract removes a key overhang, potentially ...
