zlacker

>>peteth+(OP)
Is it AI or just the market realizing that some of these companies were ridiculously overvalued to begin with.

Here are the p/e ratios of companies mentioned in the article, after the said "pummeling":

* ServiceNow - 70.66

* SAP - 28.70

* Salesforce - 28.15

* Workday - 73.16

* Microsoft - 26.53

So they range from "a bit high" to "still completely bonkers".

>>paxys+Sx2
Most of those companies make huge margins by suckering large organizations into outrageous contracts. I don't see how AI moves the needle on this one way or the other.