Browsing: jumps

Elisa de Martel, who was chief financial officer at Alphabet’s autonomous vehicle company Waymo, has been hired to the same position at buzzy self-driving vehicle startup Wayve. Outgoing CFO Max Warburton, who held the position at Wayve since 2024, is moving into a strategic advisory role supporting the company’s leadership team.

Adobe shares rose 4.2% to $262.83 Monday as investors rotated toward software companies that could benefit if the AI arms race cools. Adobe (NASDAQ:ADBE), the creative, document and digital-experience software leader, suddenly found itself on the other side of the AI trade as semiconductor stocks were hammered. Reuters highlighted Adobe and ServiceNow among the software…

Rocket Lab USA (RKLB) rose about 3% in early Tuesday trading after it completed an equity sale that provided about $1.944 billion in gross proceeds to support its planned purchase of Iridium Communications.

A sharp split between software and large-cap tech is driving unusual gains across enterprise AI names today, and the reason behind it traces back to a weekend argument among the world’s top AI researchers.

ServiceNow shares jumped 6.4% in Monday regular trading, with the stock quoted at $140.98 as investors shifted toward software while unloading AI infrastructure names. ServiceNow (NYSE:NOW), the enterprise-workflow and automation software provider, stood out as money moved away from the semiconductor trade. Reuters reported that ServiceNow and Adobe gained more than 3% while the Philadelphia…

Verisk Analytics shares jumped 5.5% Monday, closing at $185.94, after Barclays reaffirmed its Overweight rating on the consulting services firm despite lowering its price target, signaling continued confidence in the company’s long-term prospects.

Salesforce (NYSE:CRM), the enterprise-software and customer-management giant, surged about 14% to $248.765 after delivering the one thing nervous investors wanted: a much bigger profit outlook. The company also widened its Anthropic partnership through Claudeforce, bringing Claude’s AI models directly into Salesforce’s enterprise ecosystem.

JACK KELLOGG•UPDATED SEP. 12, 2026, 10:08 AM ET Reviewed by Ellis Hobbsand Fact-checked by Matt Monaco

GitLab Inc. (GTLB) reported second quarter fiscal 2027 results with revenue of $286.3 million, up 21% year-over-year, driven by subscription and license growth. GAAP results showed a net loss of $36.8 million and a GAAP operating margin of (20)%, while non-GAAP operating margin was 15% with non-GAAP net income of $42.1 million.

PZ Cussons Nigeria Plc (ISIN NGPZ00000005) has reported a sharp rebound in profitability for its 2026 fiscal year ended May 31, 2026, with net income climbing to N45 billion and the board proposing a cash dividend of N2.50 per share as of the period close. Recent reporting on the audited 2026 fiscal results highlights that…