Two exceptions in the software sell-off: 8x8 and RingCentral hold their ground thanks to higher demand, debt reduction, and moderate valuation.

While numerous companies in the ‘Software Application’ sector are being severely punished due to fears of AI disruption, two stocks are managing to stand out. The company 8x8 (EGHT) , valued at only 375 million USD, delivered an upward gap after presenting its quarterly results. 8x8 is a provider of integrated cloud communication solutions that combines Unified Communications (UCaaS) and Contact Center (CCaaS) on a single platform ("XCaaS"). The company positions itself as a specialized service provider for medium-sized businesses and the public...