Software Strikes Back: The SaaSpocalypse Is Over

• Software is rebounding: IGV ETF up 14% in a month, ending a long slump.

• AI fears easing: Investors worried AI would kill SaaS, but momentum is improving.

• JPMorgan sees breakouts: Software now less correlated than semis; several names breaking out of multi‑week bases.

• Leaders:

  • Oracle +35.5% past month

  • Microsoft +12% past month

  • Palo Alto Networks +10% this month

  • CrowdStrike +13% this month

• Sector context: Still down 14% YTD, but technicals suggest a potential trend reversal.

JPMorgan sees early technical breakouts in major software names, suggesting the worst of the “SaaSpocalypse” may be behind the sector. Oracle, Microsoft, Palo Alto Networks, and CrowdStrike are leading the recovery, while the broader software ETF (IGV) is showing its first meaningful momentum in months. -cnbc