CNBC's MacKenzie Sigalos reports on bitcoin trading in lock-step with software stocks, as investors treat it more like open-source software than digital gold — even as Michael Saylor’s Strategy keeps ...
Fears of AI disruption have sent Wix and Adobe shares down even as their businesses are doing just fine. Wix's website development platform keeps growing, and the stock is trading at a low price.
Two things to know about the selloff in software stocks. First, the easy wordplay is already taken. “SaaSpocalypse” is everywhere, suggesting a biblical reckoning for software-as-a-service companies.
As the software sector got battered for an eighth straight session Thursday, the losses were widespread. Of the 114 stocks in the iShares Expanded Tech-Software ETF IGV, there were 102 decliners, ...
Software stocks have dropped into a bear market due to concerns about AI, but Nvidia CEO Jensen Huang says the market's reaction has been "illogical." Microsoft's generative AI copilots are gaining ...
The automotive industry is undergoing a transformation as profound as the shift from internal combustion engines to electrification. Driving this shift is the software-defined vehicle (SDV), not a ...
On Thursday, OpenAI released a new enterprise platform called "Frontier." The goal is to give customers a more tailored AI solution. OpenAI CEO of Applications Fidji Simo said the platform can easily ...
Bitcoin is increasingly behaving like a software stock, with its latest correction unfolding alongside the broader software sell-off. The relationship between bitcoin and software equities has ...
Matt Anderson (He/Him) is a Features Writer from Philadelphia, Pennsylvania. He's been gaming as far back as four years old on the original PlayStation and writing in the industry for several years.
The technology sector’s great divide has only gotten starker this earnings season. Chip stocks have been some of the hottest in the S&P 500 SPX this year, while software stocks have been among the ...
Investors question whether AI competitors and automation tools could erode demand for traditional software licenses and workflows. The concern about the AI threat outweighed solid earnings from ...
When Google ships its newly refreshed smart glasses this year—as the rumor mill is predicting, and as the hands-on demos posted just last week have all but confirmed it will—the company’s tech will be ...
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