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ServiceNow Surges 10%, Microsoft Jumps 6% — OpenAI Threat Fading?
Software stocks staged a broad reversal as memory shares sold off: ServiceNow led with a 9.85% gain, Microsoft rose 5.71%, Palantir advanced 5.28%. The key catalyst was a meaningful easing of 'OpenAI threat' fears — the overhang from concerns about AI displacing software and OpenAI developing proprietary chips visibly subsided, reinforced by an expanded NOW-IBM partnership, directly reversing last week's narrative that pressured MSFT. Capital rotated from overheated memory hardware back into oversold AI software. Will you chase the software leaders here, or treat this as a dead-cat bounce?
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