Racks Software

Oracle scrapped the Tencent chip-leasing agreement amid US regulatory scrutiny, deepening a selloff tied to concerns about its cloud growth and AI capital spending, and it separately raised $20 billion.

The fresh layoffs and retention grants follow ServiceNow's worst stock drop in history, as investors reassess enterprise software valuations amid the AI selloff.

Atlassian's fiscal 2027 first-quarter results beat on earnings, but soft subscription growth guidance sent the stock sharply lower.

Investors sold off software names that had led the AI trade, with Palantir, CrowdStrike and Okta all falling sharply in the broad tech decline.

Unity's AI advertising platform grew 126%, lifting the shares as AppLovin and other ad-tech names also rose against a falling market.

The rare Sell rating reflects Citi's concern that AI-driven disruption could force a hard reset in Adobe's business, with the stock down about 25% this year.

Analysts weighed Alphabet's cloud momentum against a softer search quarter and rising AI spending pressures.

Analysts and investors are weighing Workday's AI agent rollout and Gartner positioning ahead of its quarterly results, with some arguing pessimism is overdone.

Datadog's soft forward revenue outlook weighed on the stock despite solid results for the quarter.

The acquisition adds contact center intelligence to Five9's cloud customer service platform as small-cap software investors watch the stock.

Cloudflare's decline came as investors broadly punished AI-linked names after midterm election results.

The deal is expected to support DBX Agent Cloud, a new storage platform aimed at developers building AI models and agents.

The data center operator pushed back its revenue timeline, citing customer scheduling, sending shares sharply lower.

Salesforce drew mixed analyst views, with some flagging hidden risk in its record quarter even as one firm upgraded the stock to Strong Buy.

The feature is Anthropic's answer to ChatGPT Finances and keeps user data read-only.

Fastly was among the software names hit hardest in the sector's broad Thursday decline.

Retail investors pulled back heavily as the broad tech selloff accelerated.

Axon's third-quarter earnings topped estimates on continued demand for its public safety technology.

Appian reported cloud growth acceleration in its third-quarter results, a bright spot amid the software sector's decline.

Paycom's quarterly beat and lifted outlook drew scrutiny over whether the stock's valuation is already full.

Apple removed the waitlist for trying its revamped Siri AI in the iOS 27 beta, with Safari also gaining new features.

OpenText's quarterly results and AI software strategy drew attention as analysts question whether operating evidence will support the push.

The Kingdom-focused sovereign cloud expands CrowdStrike's regional footprint in the Middle East.

Adobe expanded availability of its customer experience AI agent across third-party AI platforms.

New research highlights steep compensation for specialists who deploy AI systems in the enterprise.

Upland Software released its third-quarter results amid a weak backdrop for enterprise software shares.

The Hyundai software unit reported higher revenue but lower third-quarter profit.

A Yale study found chatbots can skew election-related information and act as an intervening layer in voter searches.

Vertex detailed its third-quarter performance on its earnings call.

The Korean cloud services firm earned two Google Cloud advanced competencies simultaneously.

The offering targets enterprise databases on Google Cloud with AI-driven lifecycle automation.

A new MarketsandMarkets report forecasts continued growth in cloud cost management spending.

A growing list of companies has opted not to have their shares traded on the tokenized venue.