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…
What Happened? A number of stocks jumped in the afternoon session after a soft Producer Price Index (PPI) print reassured investors, countering fears of an industry-wide budget squeeze sparked by IBM a day earlier.June wholesale inflation fell 0.3% against expectations for a flat reading, layering…
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 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…
Atlassian Corporation’s TEAM cloud business is gaining momentum, reinforcing consistent revenue growth and the potential for better results in the future. Cloud revenues surged 29% year over year to more than $1.13 billion in the third quarter of fiscal 2026, outpacing previous growth trends and pr…
