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Salesforce Stock Gets Downgraded. Analyst Admits It Might Be ‘Exactly the Wrong Time.’
Barrons.com27d agobearish
Salesforce Stock Gets Downgraded. Analyst Admits It Might Be ‘Exactly the Wrong Time.’

Salesforce stock was downgraded late Wednesday by an analyst at KeyBanc who admitted he might be doing it “at exactly the wrong time.” Salesforce has fallen 37% this year and the iShares Expanded Tech-Software Sector ETF is down 13% amid fears about the disruption caused by artificial intelligence. More than 70% of analysts covering Salesforce stock think it’s a Buy, with an average price target of $241.08, implying a 45% jump from Wednesday’s closing price of $166.58.

Apollo Sounds the Alarm: AI Profits Are a No-Show Outside Tech, and AI-Heavy ETFs Could Pay the Price
24/7 Wall St.28d agoneutral
Apollo Sounds the Alarm: AI Profits Are a No-Show Outside Tech, and AI-Heavy ETFs Could Pay the Price

Artificial Intelligence (AI) is probably the hottest financial sector right now, based on expectation and anticipation. The expectations are over its far-reaching productivity boosting capabilities to generate huge profits in practically every industrial sector that uses computers, and the anticipation is over AI’s commercial realization timing. The AI fervor is one of the biggest ... Apollo Sounds the Alarm: AI Profits Are a No-Show Outside Tech, and AI-Heavy ETFs Could Pay the Price

AI Crushed Software Stocks. IGV Is Betting the ‘SaaSpocalypse’ Is Overblown
24/7 Wall St.29d agoneutral
AI Crushed Software Stocks. IGV Is Betting the ‘SaaSpocalypse’ Is Overblown

The iShares Expanded Tech-Software Sector ETF (BATS:IGV) is down 10.5% year to date while the S&P 500 is up 10.8% and the Technology Select Sector SPDR is up 26%. That gap reflects the market pricing software as if the AI thesis has turned against it. Own IGV and you are betting the “SaaSpocalypse” narrative, that ... AI Crushed Software Stocks. IGV Is Betting the ‘SaaSpocalypse’ Is Overblown

Microsoft Stock Defies Tech Slump as Its Biggest Weakness Becomes Its Strength
Barrons.com34d agobearish
Microsoft Stock Defies Tech Slump as Its Biggest Weakness Becomes Its Strength

Microsoft stock is having a terrible year but it’s starting to get a boost for an unlikely reason. The shares started the second half of the year well, rising 3% Wednesday and pointing higher again in premarket trading Thursday. The iShares Expanded Tech-Software exchange-traded fund, has climbed for four consecutive days through Wednesday–and was pointing higher again ahead of the open Thursday.

Software Stocks Kick Off the Second Half of the Year With a Bang
Barrons.com35d agoneutral
Software Stocks Kick Off the Second Half of the Year With a Bang

It might be time to revisit software stocks, according to Guggenheim. The iShares Expanded Tech-Software Sector ETF is up 3.3% after Guggenheim analysts said investors should reconsider the unloved area of the AI trade. The analysts pushed back on the “fatal AI bear case” that tanked software stocks earlier in the year, leaving roughly 80% of software stocks trading below their intrinsic value.

The Stock Market Is Doing Better Than It Looks
Barrons.com35d agoneutral
The Stock Market Is Doing Better Than It Looks

Stocks were rallying off their early lows in the first hour of July trading. The Dow was up 100 points, or 0.2%, and gaining steam. The S&P 500 was back near breakeven. The Nasdaq was down 0.3%. The Dow closed at a record on Tuesday, so any move higher would be a fresh milestone.

IGV Investors: Watch Oracle’s Free Cash Flow as the Real Test of AI Capex Economics
24/7 Wall St.35d agoneutral
IGV Investors: Watch Oracle’s Free Cash Flow as the Real Test of AI Capex Economics

The iShares Expanded Tech-Software Sector ETF (NASDAQ:IGV) closed Friday at $88.20, down 16.5% year to date and 18.9% over the past year, despite the broader AI trade still drawing capital. IGV’s slide accelerated this month after top holding Oracle posted its worst week since the 2001 dot-com bust, dropping 19.4% in five sessions on debt ... IGV Investors: Watch Oracle’s Free Cash Flow as the Real Test of AI Capex Economics

AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game
24/7 Wall St.36d agoneutral
AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game

The numbers behind the artificial intelligence boom have stopped feeling abstract. AI capital spending is now propping up large portions of U.S. economic growth, hyperscalers are signing multi-year power contracts, and a handful of chipmakers have added trillions in market value while you watched from the sidelines. If that sounds painfully familiar, four exchange traded ... AI Just Minted $10 Trillion and You Own None of It. These 4 ETFs Put You in the Game