$Intuit(INTU.US) rose five points, leading the gains in enterprise software; $Snowflake(SNOW.US) rose nearly three points, as demand for data cloud persists. $UiPath(PATH.US), $IBM(IBM.US) edged up slightly, while $CrowdStrike(CRWD.US) was basically flat. While U.S. stocks were selling off hardware/semiconductor stocks, this batch of software stocks held up relatively better. Capital is shifting from high-volatility computing hardware to software with more stable cash flow, a switch that was quite evident today 😸
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