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GitLab shares surged over 11% following a beat-and-raise fiscal Q2 report. Revenue reached $286.3 million, up 21% year over year, while full-year revenue and EPS guidance were upgraded amid strong de…
Software stocks led by Microsoft have rebounded sharply as robust earnings prove massive AI investments are delivering strong financial returns. Fears over AI disruption are easing, driving instituti…
Shares of software developer Elastic (ESTC) surged 20% after the company beat analysts' earnings targets and raised its guidance.
Microsoft shares are rising due to a new AI partnership with Saudi Arabia's HUMAIN and broader market optimism following strong earnings from Salesforce. Additionally, potential revenue-sharing talks…
Salesforce's strong earnings and positive AI guidance sparked a sector-wide rally, lifting software stocks like UiPath and Pegasystems despite no direct company news. The IGV software ETF gained 3%, …
Software stocks in the S&P 500 surged over 20% in a month as fears of AI disruption ease and strong earnings roll in. Low valuations and surging M&A activity are fueling an industry rebound, reversin…
Palantir stock jumped 27% after blockbuster earnings, driven by its AIP platform and AI-driven demand. ExxonMobil, a Palantir client, was mentioned but not directly impacted financially.
Nvidia CEO Jensen Huang’s keynote emphasized that AI agents will empower rather than replace software companies, triggering a market-wide rally in the software sector and easing long-standing fears r…
Microsoft shares surpassed their 200-day moving average, signaling potential bullish momentum and a recovery in the software sector. The technical breakout, combined with the anticipation of AI devel…
Nvidia unveiled the 'RTX Spark' Arm-based CPU for AI-driven consumer PCs, developed with Microsoft. This hardware innovation signals rising demand for enterprise software, fueling a broad rally in cl…
The Nasdaq 100 showed muted gains of 0.23%, closing at 30,292.03. Market breadth was nearly neutral, with 49 stocks rising and 51 falling. Despite the index reaching new highs, the performance was un…
Despite AI disruption concerns, Morgan Stanley sees attractive entry points in Microsoft, supported by solid earnings and optimistic near-term revisions from AI-related demand.