Software stocks gain as investors reassess AI risks
US software shares rose as investors weighed AI risks. Firms like Salesforce and ServiceNow gained while markets distinguished between AI winners and losers.
Xurve View
Insights:
Xurve View
United States software stocks rose as much as 2.6% as investors rotated out of cooling semiconductor shares. The rebound follows a 12.2% decline for the iShares Expanded Tech-Software Sector ETF so far in 2024. Markets are now distinguishing between companies threatened by AI disruption and those positioned to benefit from its integration.
