Did Appian Just Prove It's an AI Winner?
Enterprise software stocks have slumped this year due to fears of AI disruption. AI-native applications from start-ups like Anthropic are now a threat to entrenched cloud software, and could displace them entirely, the thinking goes.
As a result, the iShares Expanded Tech-Software ETF, which tracks major software stocks, is down 7.4% for the year, compared to a 12.7% gain for the S 500.
One of the software stocks that has gotten hit by that sell-off is Appian (NASDAQ: APPN), a maker of workflow automation software, which is down 16.9% for the year. Appian's decline comes as the company is delivering strong results even with the uncertainty from AI.
Source Fool.com
Appian Aktie
30,62 €
-4,61 %
Die Community ist sich nicht einig: Appian hat genauso viele Buy- wie Sell-Einschätzungen.
Trotz eines Kursziels von 24 € für Appian, das unter 30.62 € liegt, zeigt sich ein Potenzial von -21.62%.
