Teradata CorpTeradata shares fell 5% amid broader software selloff driven by fears that AI agents will erode traditional subscription models.
Rapid7, Braze, and Teradata shares declined in afternoon trading as a broader selloff hit the software sector, driven by fears that AI agents will erode traditional subscription models. Rapid7 fell 6.3%, Braze dropped 5%, and Teradata lost 5%, following declines in megacaps Alphabet and Microsoft. The market's concern was reinforced by Accenture's near-20% single-day drop the previous week after it cut its growth outlook, explicitly citing AI compressing demand for traditional IT services. Rapid7 is now down 55.6% year-to-date, trading at $6.34 per share, 75.2% below its 52-week high of $25.59 from July 2025.
Teradata CorpTeradata shares fell 5% amid broader software selloff driven by fears that AI agents will erode traditional subscription models.
Accenture plcAccenture's growth outlook cut and near-20% drop cited as reinforcing AI-driven demand compression for traditional IT services.
Adobe Systems Incorporated
Salesforce.com Inc
Alphabet Inc Class C
Microsoft Corporation
NVIDIA Corporation
Braze IncBraze shares fell 5% amid broader software selloff driven by fears that AI agents will erode traditional subscription models.
Rapid7 IncRapid7 shares fell 6.3% amid broader software selloff driven by fears that AI agents will erode traditional subscription models.