Enterprise software stocks rallied firmly Monday in direct counterpoint to steep losses across semiconductors, describing one of the cleaner intra-technology rotations of the year. Adobe (ADBE) advanced 4.27% to $262.99 after opening at $261.51 and reaching $264.13. Salesforce (CRM) gained 3.66% to $256.78, recovering from a session low of $251.50 to trade near its $257.49 high.
The strength extended across the large-capitalization platform names. Microsoft (MSFT) rose 1.83% to $504.68, Alphabet (GOOGL) gained 2.04% to $345.40, Meta Platforms (META) added 1.81% to $659.78 and Palantir Technologies (PLTR) climbed 2.54% to $171.48. Netflix (NFLX) advanced 4.10% to $80.58.
The Mirror Image in Semiconductors
The same session produced severe losses among the companies that manufacture and power artificial-intelligence infrastructure. Micron Technology (MU) fell 5.69% to $919.81, Intel (INTC) dropped 5.11% to $97.68, Advanced Micro Devices (AMD) declined 4.93% to $490.68 and Broadcom (AVGO) lost 4.12% to $347.07. Oracle (ORCL