Wall Street is looking to Amazon with high hopes after a rough week in tech as AI tools batter the workforce and memory costs balloon budgets.

SaaS companies took major hits: Microsoft closed down 2.87%, SAP was down 3.29% this morning on the German market, Salesforce lost 6.85% yesterday and was further down in overnight trading, ServiceNow was down 6.97% yesterday and was marginally lower overnight, also.

US stocks got hit as oil investors skimmed profits in the tech sector and concerns rose over higher oil prices.

Tech stocks continued their selloff. Tuesday’s software rout spread Wednesday to AI-enabling stocks that had rallied a lot this year. The biggest loser in the Nasdaq-100 was chip maker Advanced Micro

It might be hard for investors to feel upbeat while tech stocks are tumbling. But that's exactly how some experts are reacting to the rout.

Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.

This company is proving that you can win in insurance with a better customer experience.

Momentum and valuation grades are given on a scale from A+ to F. An A+ momentum grade represents the highest flyer stock with the best momentum, while an A+ valuation grade indicates the most undervalued or “cheapest” stock. A lower valuation grade suggests the stock may be more overvalued relative to its peers.