Software stocks see mixed fortunes; security companies hit record highs amid “runaway AI”

US stocks edged lower, while CoreWeave reported strong earnings and rose 19% on expanding demand for AI-focused cloud services. IBM’s outlook fell short of expectations, while security companies were reported to have reached record share-price highs.

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The story

In US stock trading on the 12th, the Dow Jones Industrial Average closed slightly lower, down $21.58 from the previous day at $53,770. CoreWeave, which provides cloud services for AI applications, rose 19% after reporting results that exceeded market expectations, drawing investor attention.

Meanwhile, IBM’s earnings outlook announced on 14 July was reported to have fallen short of market expectations, affecting its share price that day. The article also discusses the performance of AI-related stocks and notes that security companies’ share prices reached new highs.

At a glance

MarketThe Dow was reported to have finished slightly lower in US stock trading on the 12th

CompanyCoreWeave rose 19% after beating earnings expectations

CompanyIBM announced that its earnings outlook was below market expectations, affecting its share price

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