Software Stocks Rally After AI-Driven Sell-Off
Software stocks are rebounding after shedding nearly 40% from their highs last year due to an artificial intelligence-driven sell-off. The iShares Expanded Tech-Software Sector ETF (IGV) has rallied about 6%, turning positive for the year and closing in on its all-time high. Cybersecurity firms like CrowdStrike and Palo Alto Networks are leading gains, with Oracle's strong inflows seen as a positive sign.
Tickers: $CRWD $IGV $ORCL $PANW $SMH
Topics: cybersecurity stocks ETF performance options trading software sector