Workday is trading 4.28% lower at $195.62 as selling pressure spread across software stocks following disappointing results and outlook from ServiceNow.
- Bloomberg reported that ServiceNow shares plunged after its outlook revived concerns about AI disruption in software.
- Overnight coverage described broader weakness among enterprise software peers.
- No clear Workday-specific announcement was identified; available evidence points to sector sentiment as the main explanation for the pre-market decline.