ServiceNow's stock rose 5%, Adobe gained 4%, and Salesforce increased 3% as investors rotated into enterprise software amid a broader AI-related selloff in semiconductor and AI infrastructure stocks. The shift was triggered by Anthropic CEO Dario Amodei's call to slow AI model development, easing concerns for software vendors but pressuring chipmakers. ServiceNow's AI business crossing $1 billion in annual contracts and raised analyst targets highlight its growth potential. Upcoming events like the Federal Reserve rate decision and Salesforce's Dreamforce conference will be key to watch for further market direction.
Following the recent rotation into enterprise software stocks, ServiceNow trades at USD 137.55, up 3.79% as of Sep 14, 2026 21:21 WIB on Pluang. Adobe shares also rose, priced at USD 259.20 with a 2.76% gain, while Salesforce is up 2.25% at USD 253.30. These movements reflect ongoing investor interest in software companies despite broader market pressures.
Bank of America upgraded Salesforce stock from Underperform to Buy, raising its price target to $285, arguing that fears of AI disrupting enterprise software were overblown. Salesforce shares rose 3% following the upgrade, despite being down 9% year-...
Adobe shares fell 4% after Wells Fargo downgraded the stock to Underweight with a $225 price target, citing worries about subscription revenue growth and competition from rival AI tools. Despite a strong Q3 with 12.9% revenue growth and a 150% rise i...
Palantir Technologies shares rose 4% after Barclays initiated coverage with an Overweight rating and a $265 price target, following Goldman Sachs' recent upgrade citing strong demand for sovereign AI systems. This bullish sentiment has pushed Palanti...
