Industry: Shares of Braze, DocuSign, HubSpot, Snowflake, and PagerDuty Plunge Amid AI Concerns

[Para 1: The Lead] Shares of Braze, DocuSign, HubSpot, Snowflake, and PagerDuty are experiencing significant declines, reflecting market concerns over the integration of artificial intelligence in software services. The tech sector-wide sell-off, driven by fears of AI's impact, has led to institutional investors repositioning away from traditional SaaS providers. As of today, February 03, 2026, the Nasdaq Composite index has fallen by 0.8%, and the S&P 500 has also declined. [Para 2-3: Supporting details & Context] PagerDuty's stock, in particular, has shown heightened volatility, with 17 moves greater than 5% over the past year. This substantial market reaction indicates a significant shift in investor perception regarding the company's future. Prior to this, PagerDuty saw a 4% gain on geopolitical news, which was part of a broader market upswing. However, current market conditions suggest investors are prioritizing companies with stronger AI integration and more defensible moats. Since the start of the year, PagerDuty's shares are down 28.3%, trading 54.7% below its 52-week high. An investor who purchased $1,000 worth of PagerDuty shares five years ago would now see their investment valued at $167.07.