Salesforce, ServiceNow, Workday Surge as Software Rebounds on AI Rotation

Enterprise software stocks staged a sharp rebound on July 27, 2026, with Salesforce up 7%, ServiceNow up 8%, and Workday up 10% in midday trading. The rally was driven by a rotation out of AI-chip stocks like NVIDIA (down 5%) and AMD (down 7%) into oversold software names. The move was supported by strong AI monetization results: Salesforce's Agentforce ARR surged 205% to $1.2 billion, ServiceNow's AI business crossed $1 billion in annual contract value, and Workday reported over 4,000 customers using agentic AI products. All three companies beat earnings estimates. Lower oil prices and easing rate concerns also favored higher-multiple software stocks. Analysts caution the bounce could reverse quickly if chip sentiment recovers.

First published Aug 4, 02:57 PM UTCUpdated Jul 27, 06:36 PM UTC1 reports · 1 sources

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Salesforce, ServiceNow, Workday Surge as Software Rebounds on AI Rotation

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Salesforce, ServiceNow, Workday Surge as Software Rebounds on AI RotationYahoo FinanceWesternJul 27, 06:36 PM UTC

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