Software Gains as Guggenheim Says AI No ‘Death Knell’ for Sector
Bloomberg 2026-07-01 12:16:37
Context: Software shares experienced a rise in premarket trading following an upgrade from Guggenheim, which suggested that fears of artificial intelligence being a threat to the sector are exaggerated. The upgrade included a trio of companies, although their names were not specified. This development occurred on July 1, 2026.
Key Facts
- Guggenheim upgraded a trio of software companies, citing that fears of artificial intelligence posing a mortal threat to the sector are overdone, which led to a rise in their shares during premarket trading.
- The upgrade resulted in software shares rising in premarket trading, indicating a positive market response to Guggenheim's assessment of the sector's prospects.
- The specific names of the three software companies that received the upgrade from Guggenheim were not provided in the article.