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&P 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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool