Software stocks in Europe fall on concerns over AI pitfalls
Software stocks in Europe fall on concerns over AI pitfalls
Published by Global Banking and Finance Review
Posted on August 12, 2025
Published by Global Banking and Finance Review
Posted on August 12, 2025
MILAN (Reuters) -Software stocks in Europe fell sharply on Tuesday, with heavyweight SAP sliding more than 6% amid concerns over the risks that artificial intelligence could pose to this part of the technology sector.
SAP was briefly set for its biggest one-day drop since October 2020 and was last down 5.5%. Meanwhile, Dassault Systemes, Sage and Nemetschek fell between 4% and 10%, making tech the worst-performing sector in Europe.
One trader said the selloff mirrored declines among U.S. peers such as Adobe, Salesforce, Intuit and Workday on Monday, following a MarketWatch article that looked into the potential impact of AI on software companies, in particular.
On Monday, Melius Research downgraded Adobe to sell.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
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