Cybersecurity and AI Chip Stocks Are Soaring, While Software Stocks Are Crashing. Blame IBM.

Published July 14, 2026 · Category: Finance

Overview

The stock market gained ground on Monday, with the S&P 500 and the Nasdaq Composite both rising. However, while some stocks raced higher, others plunged, as one technology company pre-announced results that pulled the market in different directions.

IT heavyweight International Business Machines (NYSE: IBM) provided an early glimpse into its second-quarter results, and what management had to say buoyed some segments of the market while tanking others.

Details

Cybersecurity stocks CrowdStrike (NASDAQ: CRWD) and Okta (NASDAQ: OKTA) were both up more than 10% as of 1:45 p.m. ET., while artificial intelligence (AI) chip stocks Micron Technology (NASDAQ: MU) and Sandisk (NASDAQ: SNDK) were both up 5%. At the same time, however, enterprise software providers like ServiceNow (NYSE: NOW) and Microsoft (NASDAQ: MSFT) fell 4% and 1%, respectively.

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Source

Originally published at www.fool.com.

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