CNBC
02 Jun 2026, 11:13 UTC · 2h ago
Software stocks just passed a big milestone
CNBC
02 Jun 2026, 11:13 UTC · 2h ago
Story key points
4 claims · impact-rated
Major software companies including Palo Alto Networks, CrowdStrike, and Oracle are reporting earnings in the coming weeks. — Earnings reports for these heavyweights will determine if the current rally is fundamentally supported or a temporary bounce.
+0.60Cybersecurity stocks are leading a broader software recovery, with HACK ETF up over 30% YTD driven by AI-related demand. — Strong sector-specific momentum and AI-driven tailwinds provide a bullish catalyst for cybersecurity valuations.
+0.50Options traders are aggressively pivoting toward software (IGV) and Oracle, with call volumes significantly outpacing puts. — High call volume and bullish options flow indicate strong institutional and retail sentiment, though it increases the risk of a volatility squeeze.
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The iShares Expanded Tech-Software Sector ETF (IGV) has returned to positive year-to-date performance after a 44% rally from its April low. — Positive YTD momentum signals a technical shift in sentiment from 'SaaSpocalypse' to a recovery phase.
+0.30Ticker attribution
Model heads
Stock is up 67% in 2026 and is cited as a leader in the cybersecurity surge driven by AI demand.
Stock is up 63% in 2026 and is highlighted as a key beneficiary of the cybersecurity rally.
Encouraging big flows and strong call option activity ahead of earnings.
The article mentions shares have flatlined in 2026 and discusses traders betting against consumer stocks.
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