Software stocks just passed a big milestone
Key points
- Could it be "SaaSpocalypse Never?" Software stocks are surging back from an artificial intelligence-driven sell-off that saw the group shed almost 40% from highs last year, rallying about 6% Monday in a surge that brought the year-to-date performance in the iShares Expanded Tech-Software Sector ETF (IGV) into positive territory for the first time.
- The fund is now less than 9% below its all-time high from September after a 44% rally off its April low.
- Cybersecurity stocks are leading the charge, with the Amplify Cybersecurity ETF (HACK) now up more than 30% on the year on the back of gains in companies like CrowdStrike and Palo Alto Networks, up 67% and 63% in 2026, respectively.
- "AI equals more cybersecurity demand as there is more to secure," said Christian Magoon, CEO of Amplify ETFs, which owns HACK.
- "We think this also plays into M&A potential for the industry." Soaring prices are rewarding...
Quick Summary
Could it be "SaaSpocalypse Never?" Software stocks are surging back from an artificial intelligence-driven sell-off that saw the group shed almost 40% from highs last
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Software stocks just passed a big milestone.
Key Takeaways
- Could it be "SaaSpocalypse Never?" Software stocks are surging back from an artificial intelligence-driven sell-off that saw the group shed almost 40% from highs last year, rallying about 6% Monday in a surge that brought the year-to-date performance in the iShares Expanded Tech-Software Sector ETF (IGV) into positive territory for the first time.
- The fund is now less than 9% below its all-time high from September after a 44% rally off its April low.
- Cybersecurity stocks are leading the charge, with the Amplify Cybersecurity ETF (HACK) now up more than 30% on the year on the back of gains in companies like CrowdStrike and Palo Alto Networks, up 67% and 63% in 2026, respectively.
- "AI equals more cybersecurity demand as there is more to secure," said Christian Magoon, CEO of Amplify ETFs, which owns HACK.
- "We think this also plays into M&A potential for the industry." Soaring prices are rewarding options traders who had been leaning into the comeback for weeks, pivoting as early as mid-May from the VanEck Semiconductor ETF (SMH) to IGV, where call volumes started outpacing puts.
📌 Source: CNBC
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