Recent earnings reports from IBM and ServiceNow have raised concerns over the stability of the U.S. software sector, prompting a decline in stock prices. IBM reported a 15% increase in net income, surpassing expectations, yet its shares dropped by 7% due to cautious guidance and slower-than-expected software revenue growth. ServiceNow faced similar challenges, further intensifying fears of potential disruptions in the AI landscape. Analysts point to a sluggish growth in AI revenue as a significant contributing factor to the overall downturn in software stocks, with major companies like Microsoft also experiencing declines. Investors are now reassessing growth prospects amid these earnings results, highlighting the ongoing anxiety surrounding reliance on big tech for growth.