Intuit, Workday jump amid Iran war fueling flight-to-software trade

2026-03-20 13:23:05

Cash flow-positive software companies like Oracle, Workday, Intuit, and Salesforce saw their stock prices jump due to better-than-expected jobless claims figures and the ongoing Iran war. Investors are seeking stable cash flows and predictable short-term outlooks, making software-as-a-service stocks attractive despite long-term AI concerns. The article also touches on other market news, including Rocket Lab’s deal with the DOD, Uber’s investment in Rivian, and rising oil prices.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes