May. 19 at 2:22 PM
Even beleaguered Salesforce
, which the BofA team labeled “underperformed” managed a 3.5% bounce and saw calls outpace puts three-to-one.
While much of the category is still trading well off last year’s highs, there’s at least one categorical exception: cybersecurity. Amplify’s cybersecurity ETF “HACK”
is up 16% since April 20, including a 3% rally Monday, as stocks like CrowdStrike
and Palo Alto Networks
trade at all-time highs.
Software stocks have been crushed in 2026 on fears of a so-called SaaSpocalypse, or the fear that AI agents will replace software companies. Even with the recent rally, the IGV is down 12% on the year.
$CRM $HACK $CRWD