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Enterprise Software Stocks Rally as Tech Tape Slides: Atlassian Corporation, Monday.com and Salesforce Climb 3%, ServiceNow Nudges Higher
24/7 Wall St.1d agobullish
Enterprise Software Stocks Rally as Tech Tape Slides: Atlassian Corporation, Monday.com and Salesforce Climb 3%, ServiceNow Nudges Higher

Enterprise software stocks are rising in Wednesday morning trading while the broader large-cap technology group falls. The iShares Expanded Tech-Software Sector ETF (NYSEARCA:IGV) is up 1%. The Invesco QQQ Trust (NASDAQ:QQQ) is down 0.88%, moving in the opposite direction from the software group and giving the session an unusual split within technology. Atlassian Corporation (NASDAQ:TEAM) […]

Stocks Slump as Wall Street Shifts Risk-Off
Barrons.com1d agobearish
Stocks Slump as Wall Street Shifts Risk-Off

Stocks declined as the tone on Wall Street shifted away from risk amid mounting geopolitical uncertainties. The downturn marked a breather from the recent tech stock rally. The tech-heavy Nasdaq Composite dove 1%, pulling back from the record high it set the session prior.

Chips and Software Take Part in Stock Surge
Barrons.com3d agobullish
Chips and Software Take Part in Stock Surge

The stock market was on a tear on Monday, led by the tech sector. Both semiconductor and software stocks were taking part in the rise. The PHLX Semiconductor Index was up 3.2%, lifted on gains by Arm Holdings, Intel, and AMD.

Swing Trading Focus On Software Stocks Over Semiconductors With IGV
Investor's Business Daily6d agoneutral
Swing Trading Focus On Software Stocks Over Semiconductors With IGV

The Nasdaq composite might not be at its healthiest but it's outshining the other major indexes at the moment. Where we've found relative strength is in the software sector lately. The idea that a subscription that made use of AI agents could replace many of the software subscription models was a real fear.

AI Stocks Tumble, Software Soars as Doomsday Warnings Ripple Through Market
Barrons.com10d agobullish
AI Stocks Tumble, Software Soars as Doomsday Warnings Ripple Through Market

A wave of worry among top executives about the speed of artificial intelligence development had Wall Street selling shares of chip firms and buying software stocks. The Nasdaq Composite fell 0.6%. The selling was mostly limited to stocks tied to the AI trade, after Anthropic’s Dario Amodei pushed for top AI upstarts to work together on setting guardrails on development.