AI Stocks Fell, but Workday and Adobe Jumped. A Favorite AI Disruption Trade Just Flinched

Software stocks diverged from chip performance on September 14, with Workday and Adobe each rising between 2.5% and 3% while semiconductor equities fell following industry commentary advocating slower development of frontier artificial intelligence systems.
The market dynamic reflected a shifting narrative around AI’s impact on incumbent software providers. Rather than asking whether advanced models would render existing platforms obsolete, investors considered whether a deceleration in c