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Is the AI Boom Killing Traditional Software Stocks?

Something unusual happened on Tuesday. The wider market was rising, cheered by cooling inflation. Yet software stocks were being hammered. The trigger was IBM (NYSE:IBM), which crashed about 25%, to US$216.88, a steeper one-day fall than it suffered in the 1987 Black Monday crash. Trading volume hit almost six times normal levels. And it did not…

ByUjjwal Maheshwari2 days ago

Why IBM (NYSE:IBM) Stock Crashed 25%: The AI Memory Shortage Just Ate Its Software Business

Update, 14 July, market close: IBM finished the session at US$217.07, down 25.24%, its worst single-day fall on record. Around US$69 billion of market value was wiped out, and the stock closed within US$5 of its 52-week low. IBM (NYSE:IBM) stock is crashing because of something almost nobody saw coming. The AI memory shortage has…

ByUjjwal Maheshwari2 days ago

SKS Technologies (ASX:SKS) lands A$28m MEL2 works and the repeat-client flywheel kicks in

SKS Technologies (ASX:SKS) wins A$28m MEL2 early works, lifting the FY27 order book to A$312m and opening a larger follow-on package.

ByCharlie Youlden3 days ago

HeraMED (ASX:HMD) clears Phase 1 with Lee Health as Phase 2 sits weeks away

HeraMED (ASX:HMD) has completed its Phase 1 pilot with Lee Health, posting 92% virtual adoption and setting up a near-term Phase 2 decision.

ByCharlie Youlden3 days ago

Vection (ASX:VR1) locks in A$7.5m URBANnext framework as channel strategy takes shape

Vection Technologies (ASX:VR1) signs a three-year A$7.5m framework with URBANnext to deploy Algho AI across European smart city markets.

ByCharlie Youlden3 days ago

Visionflex (ASX:VFX) turns cash flow positive as RFDS anchors a new product category

Visionflex Group (ASX:VFX) turned cash flow positive in Q4 FY26 and launched an unattended virtual care product with RFDS SA/NT as first customer.

ByCharlie Youlden4 days ago

Nanoveu (ASX:NVU) clocks 51% drone efficiency gain and the ECS-DoT licensing pitch just changed

Nanoveu (ASX:NVU) records peak 51.0% drone cruise efficiency gain in second-phase ECS-DoT live flight trials on complex commercial flight paths.

ByCharlie Youlden4 days ago

SK Hynix (NASDAQ:SKHY) Lists on the Nasdaq After a Record US$26.5 Billion Debut: How Can Australians Buy It?

SK Hynix made its debut on the Nasdaq today, one of the biggest stock-market listings in history. (A quick note on the ticker: the shares trade under the temporary symbol SKHYV during conditional trading on Friday, switching to the permanent SKHY when regular trading begins on Monday, 13 July.) SK Hynix's shares opened at US$170…

ByUjjwal MaheshwariJuly 10, 2026

WiseTech global (ASX:WTC) confirms DSV volumes up 20% and puts the churn rumour to bed

WiseTech Global (ASX:WTC) confirms DSV volumes grew 20% in six months and locks contract to September 2028, easing the customer risk narrative.

ByCharlie YouldenJuly 10, 2026

NEXTDC (ASX:NXT) upsizes senior debt to A$2.3bn as war chest hits A$8.7bn

NEXTDC (ASX:NXT) upsizes senior debt facilities to A$2.3 billion, lifting total senior debt capacity to A$8.7 billion to fund its S4 and S7 build programme.

ByCharlie YouldenJuly 10, 2026

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Tech Stocks

Is the AI Boom Killing Traditional Software Stocks?

Why IBM (NYSE:IBM) Stock Crashed 25%: The AI Memory Shortage Just Ate Its Software Business

SKS Technologies (ASX:SKS) lands A$28m MEL2 works and the repeat-client flywheel kicks in

HeraMED (ASX:HMD) clears Phase 1 with Lee Health as Phase 2 sits weeks away

Vection (ASX:VR1) locks in A$7.5m URBANnext framework as channel strategy takes shape

Visionflex (ASX:VFX) turns cash flow positive as RFDS anchors a new product category

Nanoveu (ASX:NVU) clocks 51% drone efficiency gain and the ECS-DoT licensing pitch just changed

SK Hynix (NASDAQ:SKHY) Lists on the Nasdaq After a Record US$26.5 Billion Debut: How Can Australians Buy It?

WiseTech global (ASX:WTC) confirms DSV volumes up 20% and puts the churn rumour to bed

NEXTDC (ASX:NXT) upsizes senior debt to A$2.3bn as war chest hits A$8.7bn

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