Oracle Corporation will ring the opening bell on the New York Stock Exchange on February 3, 2026.
new york stock exchange
oracleThe company’s stock rose 11% as it recouped some of its losses since the beginning of the year as software stocks tumbled on concerns about artificial intelligence disruption.
adobe Although it rose by about 6%, sales force It rebounded by 5%. ServiceNow, hubspotand working day Each rebounded by more than 7%. Cybersecurity stocks also rose, cloud strike, Tenableand sentinel one Each will add more than 6%. Oracle’s stock price hit its highest since September.
The rally came as investors saw hope in a future peace deal between Iran and the United States.
Software stocks have been in bearish mode this year on concerns that new AI tools like Anthropic and OpenAI will replace long-standing business models. Fears of new cyber risks are also putting pressure on cybersecurity companies.
The fear is that AI models will allow customers to build websites, software, and apps within minutes, eroding the software’s future growth and profit margins. Some of these models also offer possibilities to hackers.
In recent months, tech executives have been quick to dismiss concerns as “overblown.”
That did little to quell the selloff.
So far this year, HubSpot has lost nearly half its market capitalization, while Atlassian is down more than 60%. Several companies, including Atlassian, are also cutting staff to pursue AI projects.
Oracle has lost more than a fifth of its value, and ServiceNow has plummeted more than 40%.
The decline has also led to panic in the private credit market, where software is a major borrower. Investors are concerned that the decline in stocks could increase default risk across the sector.
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