Software stocks are crashing up. Here are the winners

Source · https://www.cnbc.com/2026/05/29/software-stocks-are-crashing-up-here-are-the-winners.html

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The iShares Expanded Tech-Software ETF (IGV) has risen 35% from its April low, driven by significant gains in ServiceNow and Workday. — Strong price momentum in a benchmark software ETF signals a broad sector recovery and bullish sentiment for enterprise software.

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Options traders are aggressively betting on software growth, with IGV call volumes outpacing puts four-to-one and trading volume 5x the 30-day average. — High call-to-put ratios and surge in volume indicate strong directional conviction and potential for further gamma-driven price increases.

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Institutional traders are rotating capital from semiconductors into software, as evidenced by IGV options premium exceeding that of the semiconductor ETF (SMH). — A shift in capital from chips to software suggests a diversification of the AI trade and a mean-reversion play between two major tech sub-sectors.

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Software stocks are crashing up. Here are the winners

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Software stocks are crashing up. Here are the winners

What matters in this story

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VGT Has Doubled VUG and MGK Since April's Split and Here's Why

Software stocks are crashing up. Here are the winners

What matters in this story

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Top impact dimensions

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