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…
What Happened? Shares of search AI platform provider Elastic NYSE:ESTC fell 4.4% in the afternoon session after Morgan Stanley downgraded the company's stock rating from "Overweight" to "Equal Weight" and lowered its price target from $73 to $66. The firm noted that Elastic's artificial intelligenc…
Elastic (NYSE: ESTC), the Search AI Company, announced today that it has achieved the AI Security distinction in the Amazon Web Services (AWS) Security Competency. This designation recognizes that Elastic has demonstrated and successfully met the AWS technical and quality requirements for providing…
What Happened? A number of stocks jumped 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 a valuation call from a skeptic, no…
What Happened? A number of stocks jumped in the afternoon session after the United States and Iran agreed to halt their tit-for-tat military exchanges, easing fears of a wider Middle East conflict that had rattled markets over the weekend.The relief lifted the whole risk complex. The pre-existing t…
