{"id":456409,"date":"2026-02-08T13:13:12","date_gmt":"2026-02-08T13:13:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/456409\/"},"modified":"2026-02-08T13:13:12","modified_gmt":"2026-02-08T13:13:12","slug":"dan-ives-says-software-selloff-is-worst-hes-seen-in-25-years-as-microsoft-salesforce-face-brutal-ai-reckoning","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/456409\/","title":{"rendered":"Dan Ives Says Software Selloff Is Worst He’s Seen In 25 Years As Microsoft, Salesforce Face Brutal AI Reckoning"},"content":{"rendered":"\n

On Thursday, Wedbush analyst Dan Ives said that Wall Street is punishing software stocks<\/a> like Salesforce Inc. (NYSE:<\/a>CRM<\/a>), ServiceNow Inc. (NYSE:<\/a>NOW<\/a>) and Microsoft Corp (NASDAQ:<\/a>MSFT<\/a>) as if they are no longer relevant in the AI age.<\/p>\n

Speaking with Bloomberg, Ives addressed the ongoing drawdowns in software stocks. “I could tell you in 25 years, this structural sell-off in software is unlike anything I\u2019ve ever seen.”<\/p>\n

He continues saying that investors are treating software companies as if “software doesn’t have space” in today’s AI age.<\/p>\n

“You have to assume that they\u2019re not just taking the street numbers. You have to assume that they\u2019re actually declining the next few years,” he said.<\/p>\n

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Ives added that the valuations indicate that some companies could lose about 5% of their customers.<\/p>\n

During the conversation, Ives admitted that AI is disrupting the software industry, but said that thinking they have become obsolete is going too far.<\/p>\n

He cited Palantir Technologies (NASDAQ:<\/a>PLTR<\/a>) as a prime example of how software can still make it in today’s age.<\/p>\n

\u2014 Bloomberg TV (@BloombergTV) February 5, 2026
<\/a>.@DivesTech<\/a> of Wedbush Securities says he’s never seen a structural software stock selloff like this in 25 years, but he’s still bullish on tech stocks. He speaks on “Bloomberg The Close” https:\/\/t.co\/8A9BnXRIj6<\/a> pic.twitter.com\/NmQntpyWsB<\/a><\/p>\n

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Earlier, at Cisco AI Summit, Nvidia Corp (NASDAQ:<\/a>NVDA<\/a>) CEO Jensen Huang also rejected concerns about software obsolescence. He called the idea “illogical,” stating that AI relies on software and isn’t their replacement.<\/p>\n

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Image via Shutterstock\/ wutzkohphoto<\/p>\n

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