Shares of Twilio, Zscaler, Snowflake, UiPath, and GitLab fell in the afternoon session due to investor fears that artificial intelligence could disrupt the software industry. This “AI Panic” led to a broad sell-off across the sector, driven by concerns over new ‘agentic AI’ tools potentially dismantling traditional SaaS business models. The market’s reaction reflects growing anxiety about the impact of the AI boom on established software companies.
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Twilio, Zscaler, Snowflake, UiPath, and GitLab Shares Are Falling, What You Need To Know
Shares of Twilio, Zscaler, Snowflake, UiPath, and GitLab fell in the afternoon session due to investor fears that artificial intelligence could disrupt the software industry. This “AI Panic” led to a broad sell-off across the sector, driven by concerns over new ‘agentic AI’ tools potentially dismantling traditional SaaS business models. The market’s reaction reflects growing anxiety about the impact of the AI boom on established software companies.