ServiceNow shares plunge 27%, worst day ever, as cRPO growth guidance slows to 18.5%
The software maker's slowing subscription backlog growth renewed investor fears that AI will disrupt seat-based enterprise software.
CNBC · +14 outlets
Alphabet shares tumble 12% as Q3 revenue miss and surging AI capex revive spending jitters
Investors sold off Big Tech after Alphabet's capex guidance suggested AI infrastructure spending will keep pressuring profits and cash flow.
The Straits Times · +14 outlets
Microsoft posts record $92.3B quarter as Azure revenue hits $33.2B, disclosed in dollars for first time
The disclosure gives the first direct dollar comparison of Azure with AWS, and Microsoft also flagged $10B in revenue from its OpenAI arrangements.
TechCrunch · +5 outlets
Fortinet tumbles 20% as service revenue forecast cut overshadows earnings beat
The security vendor's soft services outlook dragged down cybersecurity peers including Palo Alto, CrowdStrike and Okta.
24/7 Wall St. · +11 outlets
Amazon reports booming cloud revenue but misses expectations, with negative free cash flow of $2.4 billion
AWS growth stayed strong, but heavy AI-related spending pushed Amazon's free cash flow negative for the quarter.
TechCrunch · +14 outlets
Oracle stock surges on cash-flow update, then slips as Scotiabank trims price target
Oracle's capital-spending plan and free cash flow trajectory became a proxy for whether AI infrastructure bets can pay off.
Yahoo Finance · +11 outlets
Software stocks slide broadly as Wall Street stops giving AI a pass on results
A wave of misses and cautious guidance from Fortinet and ServiceNow triggered a sector-wide selloff in software and cybersecurity names.
Yahoo Finance · +14 outlets
IBM warns AI boom is squeezing software budgets; shares sink in sector rout
IBM's caution added to evidence that enterprise software spending is being reprioritized toward AI infrastructure.
DD News · +6 outlets
U.S. stocks close lower as Alphabet's revenue miss revives AI capex jitters
The Nasdaq ended a three-day winning streak as disappointing Alphabet results and falling chip stocks weighed on the broader market.
inkl · +12 outlets
Mistral releases weights for Large 4 coding model, ranking alongside top closed models
The open-weight release intensifies competition among coding-focused AI models.
ZDNET · +14 outlets
Adobe joins 32 companies challenging tokenized stock trading
A group of firms pushed back on blockchain-based stock trading, with Oracle, Intel and IBM also declining to participate.
Yahoo Finance · +5 outlets
Nvidia shares move lower as Vera CPUs join Oracle's GPU expansion
The chip maker's shares slipped as Oracle detailed expanded use of its GPUs and new CPU deployments.
TradingView · +7 outlets
Cramer says Wall Street is punishing the wrong tech stocks in the AI selloff
The CNBC commentator argued the market misread which software names face real AI disruption risk.
CNBC · +7 outlets
Bank of America warns customers not to share passwords with AI agents
The bank joined a trend of financial institutions restricting third-party AI agent access to accounts.
ZDNET · +14 outlets
European stocks stumble at open as AI fears spook markets, Italy and Spain lead losses
Global AI spending concerns spread to European equities ahead of the U.S. session.
investingLive · +1 outlets
Tyler Technologies Q3 earnings call highlights SaaS growth, cloud migration and AI
The public-sector software vendor pointed to cloud migration and embedded AI as growth drivers while deal timing deferred SaaS revenue.
TradingKey · +4 outlets
SAP stock drops as ServiceNow and Fortinet results weigh; Erste Group lifts rating to Buy
European enterprise software names fell on U.S. peer weakness even as one analyst upgraded SAP.
Yahoo Finance
Firefox and Chrome patch more than 200 security flaws combined
Mozilla fixed 167 vulnerabilities and Google patched 52 flaws including four rated critical.
ZDNET