Dan Ives Calls AI-Driven Software Selloff 'Most Disconnected Trade,' Says Salesforce And ServiceNow Are Historic Buys

Wedbush analyst Dan Ives stated that the recent AI-driven selloff in large-cap software stocks like Salesforce and ServiceNow is a “disconnected trade.” He argues that investors are overestimating the immediate disruptive impact of AI on enterprise software, emphasizing that these companies have strong customer retention and that AI will likely accelerate their revenue growth in the long run. Ives believes Salesforce and ServiceNow remain core participants in the AI revolution, with their stock declines being “overdone.”