NasdaqGS:NCNOSoftware
AI Repricing In Software Puts nCino’s Cloud Banking Story To Test
Software stocks, including nCino (NasdaqGS:NCNO), are being sold off as investors reassess traditional SaaS models in light of AI related risks and costs.
Signals from large software and cloud providers about softer demand and potentially higher AI spending are weighing on the sector.
nCino, focused on cloud banking software, is caught in this wider reset rather than reacting to a single company specific headline.
For nCino, the sector move comes on top of already weak share performance. At...