Did Appian Just Prove It's an AI Winner?

Published August 6, 2026 · Category: Finance

Overview

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.

Details

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.

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Source

Originally published at www.fool.com.

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