ServiceNow's steepest one-day drop wiped out tens of billions in market value as investors questioned whether AI will disrupt seat-based enterprise software, a

Google Cloud revenue doubled and backlog swelled past $560 billion, but record capital spending and a revenue miss triggered Alphabet's steepest drop since 2020

A broad AI-linked selloff erased about $2 trillion in value, with Alphabet and Intel among the hardest hit as investors questioned the sustainability of hypersc

Azure's reacceleration and free cash flow beat eased fears about hyperscaler AI spending, even as Microsoft issued $25 billion in debt to fund infrastructure.

Oracle's move to limit new borrowing for its data center buildout raised doubts about the scale of its AI expansion, adding to a sector-wide retreat.

The AI developer's filing lands as public markets grapple with a sharp selloff in AI-linked stocks.

The acquisition of AI logistics startup Rune bolsters Salesforce's Missionforce defense platform as part of its ongoing M&A spree.

Cloud and data infrastructure names led a broad software retreat, with security and observability vendors hit despite the spotlight on cyber defense.

Analysts pointed to SAP's large cloud backlog as a relative bright spot even as much of the enterprise software sector sold off.

The CFO pushed back on investor fears that AI agents will erode seat-based software demand, a key driver of the recent sector selloff.

The large Binance exchange hack spotlighted cyber defense demand, though several security names still fell with the broader software selloff.

With Oracle shares down sharply over the year, commentary focused on its self-imposed funding ceiling and whether the pullback creates an entry point.

Adobe's steep year-to-date decline has analysts debating whether the software maker's cash generation justifies buying the dip.

Cloud providers posted sharp growth on AI demand, though capex scrutiny intensified across hyperscalers.

Brokerages were split after ServiceNow's plunge, with some raising price targets and others issuing sell recommendations.

The public-sector software vendor reported rising SaaS and cloud revenue even as its stock lagged the cash flow surge.

The GPU maker's shares fell after Oracle detailed a shift toward decoupling CPU and GPU scaling in its cloud offerings.

The AI cloud provider featured in a screen of companies with strong revenue growth and insider buying.