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329 AI Euphoria Disappears From Public Market

The Information
Martin Peers @ The Information · 05/31/2024 18:30 EDT

What happened to all that AI euphoria we were hearing about for much of the past year? A big sell-off in enterprise software stocks this week dragged down names from Microsoft to Salesforce to Adobe. It demonstrated just how jittery investors are about the state of the software market. That makes sense: Executives at Salesforce, UIPath and other companies have acknowledged in recent days that businesses have turned hesitant about doing big software deals. They’re grappling both with macroeconomic uncertaint

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