What Happened? A number of stocks jumped in the afternoon session after the software sector caught a massive tailwind, fueled by easing geopolitical tensions and a fresh wave of AI-driven M&A.Over the weekend, President Trump abruptly called off a planned military offensive against Iran. Yielding t…
What Happened? A number of stocks jumped in the afternoon session after a drop in Treasury yields and growing concerns over the artificial intelligence investment cycle improved the market's appetite for enterprise software.Global chipmakers suffered a sharp selloff tied to anxieties over lofty val…
monday.com (MNDY) shares appear set to break their losing streak on Wednesday after the company announced its restructuring plan to cut around 20% of its current workforce as part of a broader effort to realign the company around its AI Work Platform strategy.In a filing with the Securities and Exc…
What Happened? A number of stocks fell in the afternoon session after IBM issued a second-quarter earnings warning, suggesting that enterprise customers may be slashing software budgets to fund hardware purchases. Legacy workflow and application incumbents like ServiceNow NYSE:NOW, Workday NASDAQ:W…
What Happened? A number of stocks jumped in the afternoon session after investors appeared to rotate into oversold enterprise software names amid profit taking in chip stocks. While the Nasdaq retreated and semiconductor leaders like Micron (-4%) sold off, major SaaS incumbents caught a strong bid…
What Happened? A number of stocks fell in the afternoon session after President Trump declared the Iran ceasefire "over" and threatened renewed strikes, sending oil higher and bond yields up in a session that punished high-multiple tech.Software companies are quintessential long-duration growth sto…
