Wall Street spent spring preparing for SaaSmageddon. Software stocks spent it rallying 36%.
From SaaSapocalypse to SalvationSoftware stocks (IGV) just closed above their 200-day moving average for the first time since early January, reclaiming the symbolic 100 mark. The ETF continued up almost one more percent in the after-hours market, just for good form.
Options traders are convinced the "SAAS-pocalypse" is over. Whether that's true will likely depend on the market's reaction to…
The iShares Expanded Tech-Software Sector ETF (IGV) advanced almost 8% so far this week, while the S&P 500 is down a fraction.
The rally in software stocks has gone from recovery to raging bull market, and traders are betting there's more to come.
Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.
$25 billion in software loans were at distressed levels by the end of January — more than double the December level.
As semiconductor shares dragged down the Nasdaq-100 for a second day, quietly, software stocks appear to have found their groove.
Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides
