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Enterprise software names are staging one of their sharpest single-day reversals of the year, and the catalyst has less to do with their own fundamentals than with what is happening in a completely different corner of the market.
All three major indexes were lower than they started today's trading session, and chip stocks were leading the march lower. The Nasdaq was down 0.6% while the S&P 500 fell 0.3%, a reversal from early gains. The Dow was up, 0.2% or 89 points.
Enterprise software providers, many left behind in the artificial-intelligence boom, were the apparent beneficiaries of a pullback in chip and hardware stocks. Workday the human-resources software provider, was the top performer in the large-cap index on Monday, jumping 9.3%. Altogether, the much-watched exchange-traded fund, or IGV, rose 4%, while the ETF, or SOXX, slumped 3.1%.
The partnership forms as agentic commerce continues to grow.
Wall Street stocks are predicted to open sharply higher on Monday as a pause in US and Iranian attacks sent oil prices tumbling ahead of a massive week for markets, including a Federal Reserve meeting and earnings from several tech megacaps. Dow Jones futures were up 568 points, or 1.1%,...
Nvidia assembled nearly 40 tech and cybersecurity giants for a new open-source AI defense coalition, but Meta was not among the listed founding members.
Salesforce will release its second-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.
The agreement will allow Callimacus, the platform supported by Cucinelli's Solomei AI research center, to expand its engineering and accelerate commercial growth across Europe and North America.
FTSE 100 up 78 points at 10,814 Oil prices drop as US and Iran pause strikes AstraZeneca and Vodafone report as results season ups a gear 4.07pm: London blue-chips at highest since war started London stocks are back at their highest level since the first weekend of the Iran war,...
Five years ago, the Department of Veterans Affairs launched a new medical records system meant to fix a health network running on decades old technology. The rollout became one of the most cited failures in modern government technology, tied to patient deaths and years of paused deployments. The ...
These companies are turning AI from a threat into an opportunity.
Salesforce stock has cratered over 38% this year while its AI business quietly explodes in the background, and the gap between those two realities is exactly where opportunity hides or evaporates.
Salesforce, Inc. shares are up during Friday’s premarket session as the company has won a $1.6 billion contract from the U.S. Department of Veterans Affairs (VA) to enhance its services. This agreement is expected to leverage Salesforce’s technology to streamline...
Salesforce (NYSE:CRM) has secured a US$1.6 billion, three-year contract with the U.S. Department of Veterans Affairs. The Missionforce platform will be used to modernize care and service delivery for more than 17 million veterans. The contract focuses on AI-powered workflows, 24/7 care coordination, and secure cloud tools across the VA system. Salesforce is best known for its customer relationship management software, but the company has been steadily building a presence in large public...
US equity indexes were mixed Friday as crude oil declined amid China-backed Pakistani efforts to med
Salesforce stock soars on a $1.6 billion contract from the U.S. Department of Veterans Affairs (VA). Here’s what the deal really means for CRM shares.
Federal AI contracts are pouring into enterprise software order books, and two of the sector's most beaten-down stocks are suddenly surging. Whether today's rally marks a genuine turning point or a fleeting squeeze depends on details buried inside fresh earnings reports and a blockbuster government deal.
The three-year deal covers AI agents for triage, scheduling and care coordination across the department
While the market treats Salesforce like a sinking ship, one investor keeps loading up on shares and points to a set of receipts that tells a completely different story.
ServiceNow just posted a blowout quarter with AI deployments scaling at a pace no enterprise software company has matched, yet the stock sits 50% below where it traded a year ago. Something about that gap does not add up.
UiPath's stock has been left for dead, yet several of enterprise software's biggest players have compelling reasons to want it. Five names stand out as potential acquirers, and the logic behind one of them is almost impossible to argue against.
Salesforce (NYSE:CRM) shares rose 1. 3% on Friday after the cloud software company announced it had been awarded a $1.
Jack Dorsey is best known for helping to create Twitter and Square. The entrepreneur and investor has his eyes on another venture with the recent launch of Buzz. Here’s why investors in Salesforce Inc and Microsoft Corporation should be paying...
This year has not been kind to big-name enterprise software stocks — with some of the sector's biggest names like Microsoft and Salesforce down sharply. Fears that top artificial intelligence models from Anthropic and OpenAI could displace existing enterprise software have weighed on the software sector. At Snowflake's investor day last month, Chief Executive Sridhar Ramaswamy said the company is seeing benefits from its focus on creating "the definitive data platform that people would want to use if they wanted to get value from AI."