Beaten-down software stocks RingCentral and Five9 rally as earnings quell some AI concerns

Shares of RingCentral and Five9 surged on Friday after earnings from both software firms alleviated recent fears that artificial intelligence is eating away at their business models.RingCentral popped 34%, while Five9 rallied about 14% after topping Wall Street's estimates and issuing upbeat guidance. Both companies, which provide customer service solutions like voice integration, said accelerating AI adoption has boosted demand.New AI tools, capable of building apps and websites in a matter of minutes, hav ...