business
Analysis-Software stocks bounce back - now comes the hard part
Key takeaways
- Analysis-Software stocks bounce back - now comes the hard part Sinéad Carew Wed, June 3, 2026 at 5:07 PM GMT+7 4 min read PANW SNPS MSFT ORCL By Sinéad Carew
- June 3 (Reuters) - Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.
- The i Shares Expanded Tech-Software Sector ETF has surged nearly 42% from its April low, turning fears that AI would rip the heart out of the industry into hopes that software firms will enlist AI as a valuable ally.
Analysis-Software stocks bounce back - now comes the hard part Sinéad Carew Wed, June 3, 2026 at 5:07 PM GMT+7 4 min read PANW SNPS MSFT ORCL By Sinéad Carew
June 3 (Reuters) - Software stocks have rebounded from a punishing selloff as investors are betting that AI may boost the sector rather than leaving it for dead.
The i Shares Expanded Tech-Software Sector ETF has surged nearly 42% from its April low, turning fears that AI would rip the heart out of the industry into hopes that software firms will enlist AI as a valuable ally. The software ETF is down under 2% for 2026 after earlier falling 30%.
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