Shares of software companies are down as the sector sells off from its recent strength. Software may be falling in response to Alphabet's announcement that it is raising $80 billion to fund its AI plans, renewing AI-related concerns that weigh down the industry.

Why Is Adobe Stock Surging on Thursday?

Adobe Inc (NASDAQ: ADBE) stock is trading higher Thursday following quarterly earnings results from Salesforce Inc (NYSE: CRM).

Shares of enterprise application software are trading higher amid sympathy with Salesforce after the company reported Q2 financial results.

Autodesk shares are trading lower after the company reported Q2 financial results and issued Q3 EPS guidance below estimates. Also, the company narrowed its FY27 adjusted EPS guidance with its midpoint below estimates.

Autodesk Narrows FY2027 Adj EPS Guidance from $12.40-$12.65 to $12.52-$12.60 vs $12.60 Est; Raises FY2027 Sales Guidance from $8.155B-$8.215B to $8.575B-$8.650B vs $8.206B Est

Autodesk (NASDAQ:ADSK) narrows FY2027 Adj EPS guidance from $12.40-$12.65 to $12.52-$12.60 vs $12.60 analyst estimate. Raises FY2027 sales outlook from $8.155 billion-$8.215 billion to $8.575 billion-$8.650 billion vs

Autodesk Widens FY2027 GAAP EPS Guidance from $8.07-$8.63 to $7.89-$8.72 vs $8.44 Est

Autodesk (NASDAQ:ADSK) widens FY2027 GAAP EPS guidance from $8.07-$8.63 to $7.89-$8.72 vs $8.44 analyst estimate..

Autodesk Sees Q3 Adj EPS $3.04-$3.09 vs $3.14 Est; Sees Sales $2.125B-$2.140B vs $2.082B Est

Autodesk (NASDAQ:ADSK) is looking for Q3 Adj EPS of $3.04-$3.09 vs $3.14 analyst estimate. sees sales of $2.125 billion-$2.140 billion vs $2.082 billion analyst estimate.