What Happened?Shares across the enterprise software, cybersecurity, and cloud infrastructure sectors caught a massive bid in Tuesday's premarket session. The rally was ignited by a blockbuster earnings report from data analytics giant Palantir (NYSE: PLTR), whose stock skyrocketed over 26%, acting…
After a week dominated by mega-cap earnings, with Microsoft Corp. (NASDAQ:MSFT) and Amazon.com Inc. (NASDAQ:AMZN) sharply exceeding expectations while Apple Inc. (NASDAQ:AAPL) and Meta Platforms Inc. (NASDAQ:META) were punished over margin concerns, the first week of August brings a different cast…
Cathie Wood's ARK Invest added roughly $28.7 million of Taiwan Semiconductor Manufacturing NYSE:TSM and SpaceX NASDAQ:SPCX shares while trimming Amazon NASDAQ:AMZN, Alphabet NASDAQ:GOOGL and Shopify NASDAQ:SHOP, signalling a sharper rotation toward semiconductor production and space infrastructure…
Morgan Stanley reset its software coverage, assuming Adobe NASDAQ:ADBE and Workday NASDAQ:WDAY at Underweight and Salesforce NYSE:CRM and Intuit NASDAQ:INTU at Equal-Weight, while naming eight stocks as its highest-conviction Overweights: Microsoft NASDAQ:MSFT, Palo Alto Networks NASDAQ:PANW, Crowd…
Shopify NASDAQ:SHOP stock rose about 3% on Monday after Jefferies upgraded the e-commerce software company to Buy, citing growing confidence in its AI strategy and improving growth outlook.Jefferies assigned Shopify a $140 price target, saying third-party data indicates the company could deliver se…
Reddit NYSE:RDDT rose 1.66% in premarket after Jefferies reported that advertising agencies indicated Reddit continued to gain social media ad share in the second quarter, with digital advertising growth accelerating versus the first quarter. Agencies attributed Reddit's gains to contextual targeti…
By Emma RumneyPayments platform Fiserv NASDAQ:FISV and service station operators including BP LSE:BP. have warned their U.S. partners and store owners not to deal in illegal vapes or risk heavy fines as a consequence, notices seen by Reuters show.A coalition of state and city law enforcement offici…
Shopify director Prashanth Mahendra-Rajah resigned effective July 2, 2026, and Joe Natale is expected to assume the role of Audit Committee Chair.Original SEC Filing: SHOPIFY INC. [ SHOP ] - 8-K - Jul. 02, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important…
What Happened? Shares of e-commerce platform Shopify NASDAQ:SHOP jumped 6.7% in the afternoon session after Guggenheim's John DiFucci upgraded both Salesforce and ServiceNow to Buy, arguing the AI-disruption fear that gutted the software sector during the year had pushed valuations too low.This was…
By Blake BrittainE-commerce company Shopify NASDAQ:SHOP has settled a lawsuit that accused a rival company of copying its software to build a competing platform.Shopify and Shopline, a subsidiary of technology company JOYY Inc NASDAQ:JOYY, in a filing in federal court in Manhattan on Tuesday asked…
By Fergal SmithCanada's main stock index rose on Friday as higher gold prices boosted metal mining shares, but gains for the index were kept in check as investors worried about the inflationary impact of the AI boom.The Toronto Stock Exchange's S&P/TSX Composite Index TSX:TSX ended up 129.79 points…
