Software stocks

US stocks

2026-10-01 13:33:51

Gate data shows gains in U.S. software stocks, led by IBM, ServiceNow and Salesforce

Market data cited by ChainCatcher showed strength in U.S. software stocks on Gate. IBM was up 5%, ServiceNow gained 4.8%, and Salesforce rose 3%. The update was published as a market analysis item and focused on the latest price moves shown on Gate’s market feed. No additional context or broader market drivers were provided in the source. The report listed the three software names and their respective gains, indicating a higher move across the segment at the time of publication.

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a16z

2026-10-01 10:14:28

a16z says AI infrastructure buildout has surpassed the railroad era in share of U.S. GDP

Andreessen Horowitz said in its second annual State of the Market report, released on Sept. 30, that the current AI infrastructure buildout now represents a larger share of U.S. GDP than the 19th-century railroad boom, a comparison often used by markets to frame the scale of the cycle. The firm said capital spending by the four largest U.S. cloud providers and other hyperscalers reached about $416 billion in 2025, could rise to roughly $780 billion in 2026, and may exceed $1 trillion a year starting in 2027. According to the report, technology companies accounted for about 76% of S&P 500 earnings growth in 2026, while high-tech equipment, software and R&D together made up about 55% of total U.S. capital expenditure. a16z also pushed back on the idea that GPUs quickly lose value after three to four years, saying Nvidia’s A100 chips installed one or two years ago still perform well even as demand for the newer B200 remains strong. The report added that AI adoption is broad but still shallow: about 69% of S&P 500 companies have launched AI applications, nearly 30% reported measurable benefits, yet only about 2% consistently track outcomes.

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UBS

2026-09-30 06:26:08

UBS says cybersecurity valuations have moved above pandemic peaks, raising the bar for Q3 results

UBS said in a U.S. software report dated Sept. 28, 2026 that cybersecurity stocks have rallied sharply since April and now trade above their COVID-era valuation peaks. The bank put the sector at 62x market-cap-weighted enterprise value to next-12-month free cash flow and 15x enterprise value to next-12-month revenue, both slightly above prior pandemic highs of 59.1x and 14.9x. UBS argued that attention around AI security incidents has lifted expectations faster than fundamentals have improved, leaving the group needing stronger Q3 beats to justify current multiples. Analyst Roger Boyd said most vendors, excluding CrowdStrike, Fortinet, Palo Alto Networks and Qualys, did not show accelerating revenue or billings growth in the second quarter, while third-quarter guidance was broadly muted. UBS also pointed to growing competition narratives from frontier AI labs and infrastructure vendors. OpenAI, Anthropic, Google, Microsoft AI, Meta and xAI have all introduced security-focused models, programs or tooling, while Nvidia, Microsoft and ServiceNow are expanding further into the security stack. UBS said enterprise buyers are still adopting AI, but are increasingly budgeting for governance, identity, observability, authorization and data controls alongside those deployments.

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U.S. stocks

2026-09-14 13:37:52

U.S. optical communications stocks fall at the open, with Corning down more than 9%

U.S. optical communications stocks opened sharply lower, according to data from MSX.COM. Corning fell more than 9% in early trading, while Marvell Technology, Lumentum, and Coherent each dropped more than 8%. Credo and Ciena were also under pressure, both down more than 6%. At the same time, software names moved the other way at the open. ServiceNow rose more than 5%, Adobe gained nearly 4%, Salesforce climbed nearly 3%, and Microsoft posted a modest advance. The move left optical communications shares broadly weaker in early trading even as parts of the software sector traded higher.

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US stocks

2026-09-14 13:36:41

U.S. software stocks open higher, with ServiceNow up more than 5%

U.S. software stocks moved higher at the open on Sept. 14, according to market data from BIT (Bit.com). Among the names cited, ServiceNow rose more than 5%, Adobe gained nearly 4%, and Salesforce climbed close to 3%. Microsoft also edged higher alongside the group. The move stood out as software shares opened against the broader trend, based on the source report from BlockBeats. No additional market figures or wider sector data were provided in the original dispatch. The update was presented as a brief market snapshot and focused on the opening performance of several major U.S. software names. BIT (Bit.com) was cited as the data source for the reported price moves.

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Binance Resea

2026-09-13 00:38:14

Binance Research says AI trade is rotating from semiconductors to software and capital markets

Binance Research says the AI trade is no longer centered only on semiconductors and hardware. In its latest report, the firm argues that the market has started rotating toward software, capital markets and other second-order beneficiaries as the economics of model usage, infrastructure spending and revenue realization change. The report says the push to maximize token consumption effectively ended in the second quarter of 2026. Enterprises are paying closer attention to token efficiency per task as AI agents spread, while open-weight models have gained share because they offer roughly 90% of the capability of closed models at about one-sixth of the cost per call. Binance Research cited OpenRouter data showing weekly token volume at 137 trillion in early September 2026, around 20 times the level seen at the start of the year. At the same time, capital spending by the five largest U.S. cloud operators has climbed to around 105% of operating cash flow in 2026, up from 41% in 2023, pushing combined free cash flow into negative territory. The report argues that equity markets are now rewarding spending that clearly converts into AI revenue growth and penalizing spending that does not. It also says market leadership is broadening in 2026, with Binance users cutting concentrated semiconductor exposure and reallocating more capital toward software and capital markets names.

900

Hong Kong sto

2026-09-10 06:24:15

Hong Kong software and AI model stocks extend losses, with MiniMax down over 9%

Hong Kong-listed application software and AI model shares remained under heavy selling pressure on Sept. 10, according to market data cited by BlockBeats from Bitget. The report said several names in the sector posted sharp declines during trading. Qunhe Technology, Zhipu and Yunzhisheng were each down more than 10%, while MiniMax fell more than 9%. MaiFuShi and Kingdee International, among others, were down 5%. The move was described as a continued broad sell-off across Hong Kong software-related stocks rather than an isolated decline in a single name.

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Snowflake

2026-09-04 01:34:32

Snowflake Surges 23% After Raising AI-Driven Revenue Forecast, Lifts Software Stocks

Snowflake raised its fiscal 2027 product revenue guidance to $6.07 billion, with Q2 product revenue up 37% YoY, driving shares up 23%. CEO Sridhar Ramaswamy said AI tools are creating a "flywheel effect." The rally lifted ServiceNow, Salesforce, and Atlassian by 3.5%-6%. At least 34 brokerages raised price targets, with Wells Fargo setting the highest at $525. Jim Cramer called Snowflake "the clearest path" to on-demand AI computing.

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