Software stocks have sold off in recent months on concerns that new AI tools will upend the sector and displace their business models.
Workday CEO Carl Eschenbach on Thursday tried to ease worries that artificial intelligence is destroying software business models.
“It’s an overblown narrative, and it’s not true,” he told CNBC’s “Squawk Box” from the World Economic Forum in Davos, S… [1292 chars]
Source: CNBC | Published: 2026-01-22T15:06:25Z
Credit: CNBC
