economy
Some software stocks are breaking out of the AI-driven 'SaaSpocalypse.' JPMorgan likes these names
Things may be turning around for one of the most beaten-down parts of the stock market.
TL;DR
- The software sector is showing signs of a turnaround, with the iShares Expanded Tech-Software ETF up nearly 14% in the past month.
- Despite a year-to-date decline, recent gains suggest a potential recovery for software stocks.
- Oracle, Microsoft, Palo Alto Networks, and CrowdStrike are among the software names experiencing upward momentum.
- Oracle has seen the strongest performance, rising over 35.5% in the past month.
- JPMorgan highlights that software stocks are less correlated than semiconductors and some are breaking out of their base patterns.