On October 29, Workday is trading at $195.20, down 4.11%, as selling spread across software stocks after ServiceNow’s results and outlook renewed AI-disruption concerns.
- Reuters reported software shares tumbled amid those concerns; Bloomberg linked ServiceNow’s selloff to investor anxiety about AI’s effects on software makers.
- Available reports point to sector pressure rather than a new Workday-specific catalyst; software ETF IGV was down 4.26%.