Salesforce Surges 7%, ServiceNow Jumps 8%, Workday Jumps 10% as Software Rebounds on AI Rotation

Enterprise software rebounded sharply on Monday as investors rotated away from AI-infrastructure trades. Salesforce shares (NYSE: CRM) jumped 7% to $176, ServiceNow (NYSE: NOW) rose 8% to $107, and Workday (NASDAQ: WDAY) surged 10% to $49. The move followed steep prior declines: Salesforce was down 33% year to date, ServiceNow off 45% over the past year, and Workday down 30% YTD. The session’s broader context was risk-on: WTI crude fell 7% in 24 hours to $82.83 on reports of a U.S.-Iran pause, easing rate and inflation worries. Company results reinforced the AI narrative, including ServiceNow’s Q2 FY2026 EPS and revenue beat and Salesforce’s Agentforce ARR growth, alongside Workday’s AI adoption.