In the third quarter, software stocks made a strong comeback as concerns about AI disrupting traditional business models eased. Key players like Salesforce and Microsoft saw significant gains of 46% and 37% respectively, driven by new AI-driven products and strong earnings. Other software firms like Workday and Veeva also surged, while cybersecurity company CrowdStrike rose 39% amid growing AI-related security needs. However, some data center-related stocks cooled off due to profit-taking. Looking ahead, the biggest risk to the market is the Federal Reserve's potential interest rate hikes, which could impact rate-sensitive stocks as earnings reports come in.
Salesforce trades at USD 236.67 with a 3.09% gain on Pluang as of Oct 02, 2026 05:31 WIB. Microsoft is priced at USD 514.20, up 0.25%. CrowdStrike shows a modest rise of 0.53% at USD 266.15, reflecting steady interest in AI-related stocks.
IBM shares rose 5% after the company introduced a self-hosted version of its Bob AI coding agent, allowing enterprises to run the software on their own secure infrastructure. This move targets regulated and sovereignty-constrained organizations that ...
Salesforce announced it will acquire Listen Labs, a company specializing in AI-driven customer research and human simulation. Listen Labs' technology accelerates customer insight processes from months to days by using AI agents that conduct studies a...
UiPath's stock rose 5% after announcing expanded AI-driven audit solutions with BDO USA and a two-way integration with Snowflake's data platform, enabling real-time, zero-copy data access for automation. Snowflake shares also gained 5%, while Salesfo...
At its Dev Day conference, OpenAI introduced new ChatGPT features tailored for office work, including Space, a collaborative workspace, Pages, a word processor for human and AI collaboration, and collaborative slides similar to PowerPoint. These tool...
Salesforce shares have dropped over 11% this year despite Wall Street raising its fiscal 2027 earnings estimates significantly. The stock trades at about 16 times forward earnings, undervaluing its rapid AI product expansion and strong revenue growth...
