Group 1 - Shares of RingCentral surged by 34% and Five9 by approximately 14% after both companies reported earnings that exceeded Wall Street's estimates and provided positive guidance, alleviating fears regarding the impact of artificial intelligence on their business models [1] - Both RingCentral and Five9 indicated that the accelerating adoption of AI has increased demand for their customer service solutions, which include voice integration [1] Group 2 - Recent weeks have seen a significant selloff in the software sector due to concerns that new AI tools from companies like Anthropic and OpenAI could disrupt traditional software-as-a-service business models [2] - The iShares Expanded Tech-Software Sector ETF has declined by about 23% this year, with notable declines from companies such as Atlassian, Unity Software, and Rapid7, which have lost more than half their value [3] - Major software companies like Salesforce and Microsoft have also experienced significant drops in their stock prices, with declines of 30% and 18% respectively [3]