Software Stocks Rally Despite AI Concerns
Despite fears that generative AI could render traditional software obsolete, the iShares North American Tech-Software ETF has surged above its 200-day moving average for the first time since January. Recent strong performance from companies like Snowflake and renewed interest in cybersecurity stocks suggest a recovery is underway.
Tickers: $CRM $CRWD $PANW $SNOW
Topics: 200-day moving average AI impact on SaaS ETF trends software stocks