Software companies are trading higher amid broader market strength, lifting the industry alongside other tech peers. Investor optimism about Palantir's Q2 financial results could act as a bellwether, indicating broader industry growth.

Kirby McInerney LLP Alerts Investors Who Acquired Alarum Technologies Ltd. ALAR Securities Between March 20, 2025 and July 2, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP announced pending securities class action lawsuits against three companies. Alarum Technologies faces allegations that its NetNut subsidiary engaged in illegal activity linking customer devices to networks without consent, enabling cybercriminals. Following FBI and Google actions in July 2026, Alarum's stock fell significantly. Similar lawsuits are pending against Taboola and Alibaba for alleged securities fraud during their respective class periods.

Kirby McInerney LLP Alerts Investors Who Acquired Alibaba Group Holding Limited BABA Securities Between June 26, 2025 and June 24, 2026 of Pending Lawsuit

Law firm Kirby McInerney LLP announced pending securities class action lawsuits against Alibaba Group Holding Limited, Taboola.com Ltd., and Alarum Technologies Ltd. The Alibaba lawsuit alleges the company made false statements regarding its control by China's Ministry of Industry and Information Technology and engaged in unauthorized AI model distillation attacks. Stock prices declined significantly following disclosure of these issues in June 2026. Investors have until specified deadlines in October 2026 to seek lead plaintiff status.

Shares of software companies are trading higher after AI executives from firms including Anthropic, OpenAI and SpaceXAI signaled that the industry's growth may have to be slowed, which may limit threats to software vendors.

Shares of communications services are trading higher after AI executives from firms including Anthropic, OpenAI and SpaceXAI signaled that the industry's growth may have to be slowed, which may limit competition in content creation, advertising sales and other areas. The sector's cash flow from ads and subscription revenue may also be attractive to investors amid elevated bond yields, inflation fears and interest rate expectations.

Morgan Stanley Maintains Overweight on AppLovin, Lowers Price Target to $450

Morgan Stanley analyst Matthew Cost maintains AppLovin (NASDAQ:APP) with a Overweight and lowers the price target from $650 to $450.

Jim Cramer Recommends Buying This Communication Services Stock, Calling It ‘Amazing’

Cramer backs Sphere and Cameco, urges selling AppLovin, criticizes Honeywell and QXO, and sees limited-risk upside in Aflac.