Jefferies analysts report a selective rebound in software stocks, highlighted by strong earnings from companies like ServiceNow, SAP, and Atlassian. This recovery is driven by early AI monetization signs and robust demand for data center infrastructure, despite bottlenecks in power, labor, and permitting. Data center vacancies remain extremely low, and lead times for critical equipment extend to 4-5 years, indicating sustained capital expenditure by major tech firms. Leadership changes at Google’s DeepMind do not impact its AI strategy, with Jefferies confident in Google's long-term AI leadership due to its data assets and integrated platform.
Following the Black Hat USA 2026 cybersecurity conference, stocks in the sector surged due to new AI-focused products from companies like CRWD, PANW, RBRK, and NOW. The rise of AI introduces fresh security challenges such as data poisoning and vulner...
ServiceNow's stock has fallen over 25% in the past year despite reporting a strong Q2 FY26 with 24% revenue growth and AI revenue surpassing $1 billion. The company is expanding its AI capabilities rapidly, with agentic deployments growing ninefold a...
Morgan Stanley highlights SpaceX's AI software platform Cursor, used by over 64% of Fortune 500 companies, projecting $8 billion in annual recurring revenue (ARR) by year-end and $33 billion by 2030. This positions SpaceX as a major player in high-ma...
