AI threat plagues software stocks after latest updates from Anthropic

AI threat plagues software stocks after latest updates from Anthropic

Software’s artificial intelligence troubles don’t appear as though they will let up anytime soon, following the sector’s slide after Anthropic’s latest product and revenue updates. Software is down again this week, with the iShares Expanded Tech-Software Sector ETF (IGV) falling Wednesday — when most of the market participated in a sharp rally following President Donald…

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We’re raising our Meta price target big time after a stellar quarter and an incredible guide

We’re raising our Meta price target big time after a stellar quarter and an incredible guide

Meta Platforms shares soared Wednesday evening after the social media juggernaut delivered what can only be described as a blowout quarter. The only thing better than the reported results was the guidance. Revenue in the second quarter ended June 30 climbed 22% year over year to $47.52 billion, far exceeding the consensus estimate of $44.8…

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