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ServiceNow’s stock soars toward historic month as AI fears fade across software
The article discusses the significant increase in ServiceNow's stock price, which has risen by 40% this month, leading to a broader relief rally among enterprise software companies. The rally is attributed to the fading fears of artificial intelligence (AI) and its potential impact on the industry. The article highlights the positive sentiment towards ServiceNow's stock, which is now approaching historic levels.
ServiceNow, Adobe stocks jump as Nvidia’s new AI chip sparks software rally
As AI agents spur demand for more software — not less — major enterprise cloud platforms are staging a comeback.
OpenRouter raises $113M Series B
OpenRouter Raises $113M Series B OpenRouter · Today we're announcing our $113M Series B, led by CapitalG(opens in new tab) (Alphabet's independent growth fund), with participation from NVentures(opens in new tab) (NVIDIA's venture capital arm), ServiceNow(opens in new tab) Ventures, MongoDB(opens in new tab) Ventures, Snowflake(opens in new tab) Ventures, Databricks(opens in new tab) Ventures, AMP PBC(opens in new tab), and Pace Capital(opens in new tab), alongside our existing investors...
Arm, IBM and Hewlett Packard soar as Nvidia chip 'reinvention' extends software rally
Software stocks spiked ahead of Monday's opening bell after Nvidia CEO Jensen Huang unveiled plans for a new chip that will power personal computers. Investors are piling into a range of computer-related names on the first trading day of June, with ServiceNow leading the premarket rise after soaring 14.4% ahead of the opening bell. IBM surged 12.7% and Hewlett Packard rose 12.6%.
Snowflake surges 36% for best day ever on AI frenzy, fueling software rally
The Snowflake rally also lifted shares of ServiceNow, Oracle and Palantir, while Salesforce bucked the trend.
Okta writes its own license to kill rogue AI agents
Rogue agents are dangerous, but eliminating them is never easy. Jason Bourne, Ethan Hunt, and James Bond have each run afoul of their governance at various junctures, yet stopping them takes sequel after sequel until all the loose ends are tied up and they eventually die or retire, only to get rebooted. It’s not so different in the world of AI agents.
Salesforce waves bye-bye to UI in 'headless' embrace
Salesforce is promoting its "Headless 360" initiative, which allows customers to access Salesforce data through external applications like ChatGPT and Slack, rather than solely through the native user interface. Since its launch, the platform has seen significant adoption, processing millions of API calls. The company aims to expand its market reach and introduce a new monetization stream by integrating its CRM into users' existing workflows.
Retail investors fuel record buying in US software ETF as AI trade broadens
Retail investors fuel record buying in US software ETF as AI trade broadens June 2 : The largest exchange-traded fund (ETF) tracking U.S. software stocks clocked the biggest single-day buy-in by retail investors on record on Monday, data from Vanda Research showed. Software stocks have largely recovered their losses from earlier this year when fears of industry-wide disruptions due to the rise of AI gripped the sector, though volatility still persists. • Mom-and-pop traders bought stock...
Jim Cramer's top 10 things to watch in the stock market Monday
My top 10 things to watch Monday, June 1 1. Nvidia unveiled its first-ever PC processor at Computex, working closely with fellow Club name Microsoft . The chip uses the power-efficient Arm instruction set, taking aim at the x86 kingdom dominated by Intel and AMD .
'Disrupted or dead': AI is crushing a generation of startups built before ChatGPT
Five years ago, venture capitalists were pouring money into American startups selling everything from lingerie subscriptions to scheduling software, anointing them with billion-dollar valuations before most even turned a profit. It was a frothy era for startups, fueled by a combination of cheap money and pandemic-boosted demand. But even after the Federal Reserve took some froth off by starting to raise interest rates in 2022, many founders believed that they could grow into their inflated...