Shares of software stocks are trading higher as recent earnings from ServiceNow and SAP help assuage concerns over AI encroachment. Also, recent investor unease over AI-related capex spending by hyperscalers and steep valuations for semiconductor-related companies may be bolstering confidence in the software sector.

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.

Software's AI Panic Is Fading, and These 10 Stocks Are the First to Benefit

BofA raised targets on 10 software stocks as AI disruption fears ease. ServiceNow, Snowflake and Figma stand out for AI-driven growth.

Shares of software companies are trading higher after B of A Securities raised its price targets on several stocks. The analyst attributed the raise to a combination of strong earnings, accelerated growth across several names and a re-rating of valuations as concerns about AI-related disruption ease.

Autodesk Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Autodesk (ADSK) to release Q2 earnings on Aug 27. Analysts predict $3.12 EPS and $2.01B revenue. Recent results and analyst ratings available.

Earnings Volatility Watch: All Eyes on Nvidia, But the Wild Swings Belong To These 10 Names

Nvidia headlines the week, but the options market expects bigger percentage swings from Everpure, Okta, Rubrik and seven other names worth over $20 billion.