Nvidia posted a "phenomenal" earnings beat, yet its shares failed to spark a broader chip rally. On Thursday, investors pivoted sharply toward software names, lifting stocks such as Salesforce and Workday. The shift represents one of the most pronounced sector rotations from AI hardware to enterprise SaaS in recent memory. Analysts view the move as a possible early signal of a software revival after years of chip‑centric hype.
Cybersecurity stocks have lagged behind the broader software sector this year, with the Amplify Cybersecurity ETF down 4.8% while the S&P 500 barely rose. Jefferies analyst Joseph Gallo argues the sell‑off is overstated, pointing to rising AI‑driven threat vectors and strong...

SanDisk announced a $3.09 billion secondary offering of its shares, which will be sold by its former parent Western Digital. The transaction includes a debt‑for‑equity exchange with debt held by J.P. Morgan and Bank of America affiliates, aiming to strengthen Western...