Software stocks stabilize, crypto rebounds, holiday liquidity thins. Core software companies like ServiceNow, Adobe, Salesforce, and MongoDB show revenue growth, high renewal rates, and margins. Market differentiates based on models.
As Christmas week approaches, the market saw stability in software stocks, with cryptocurrencies rebounding from recent lows. Liquidity is expected to decrease as the holiday nears. Despite concerns about AI disruption, core software companies like ServiceNow, Adobe, Salesforce, and MongoDB are showing resilience with consistent revenue growth, high renewal rates, and improved margins. Although their valuations are under pressure, these companies are not trading as if AI is significantly impacting their operations. However, the market is distinguishing between stocks linked to usage-based models and those slower to adopt AI technology. More details can be found on Benzinga.com.
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