topstockalerts
Oct 2, 12:33 AM
Software stocks staged a major comeback in the third quarter as fears that AI would disrupt traditional software businesses eased, making the sector one of the market’s strongest areas. The iShares Expanded Tech-Software ETF rose 17% during the quarter, while the iShares Semiconductor ETF fell 11%, highlighting the rotation away from some high-flying chip stocks. Salesforce surged 46% as investors increasingly viewed AI as a growth opportunity, helped by its Claude integration through “Claudeforce,” strong quarterly results and share buybacks. Jim Cramer said Salesforce still has room to climb and was similarly bullish on Microsoft, which gained 37%, citing strong Copilot demand, accelerating Azure growth and signs that its data-center investments are starting to generate returns. Workday and Veeva jumped 55% and 60%, respectively, while CrowdStrike gained 39% as AI-driven cyber threats reinforced demand for security.
$CRM $MSFT $WDAY $VEEV $CRWD
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