Software shares rebounded after Salesforce reported $11.35 billion in second-quarter net sales, adjusted earnings per share of $5.90 and higher full-year guidance. Salesforce revenue grew 11% year over year, or 6.4% organically excluding the Informatica acquisition completed last November, while expectations for modest organic acceleration in the second half helped narrow the stock’s year-to-date decline to about 4% after it had fallen as much as 43% from its end-of-2025 close. Figma rose approximately 14% to $30.89 as the SaaS rally broadened; its second-quarter revenue increased 48% to $370.1 million, earnings reached $0.08 per share versus expectations for a $0.22 loss, and its fiscal 2026 revenue outlook rose by $40 million to $1.463 billion-$1.467 billion. CrowdStrike gained 20.5% and Okta 29% after reporting results, while ServiceNow and Asana also rallied. The moves eased concerns that AI would quickly make conventional cloud software obsolete, though trading volume in Figma was about 71% below its typical daily average and Wall Street views remained divided. The S&P 500 software and services index remains more than 3% lower this year and more than 12% below its October record amid momentum trading, leveraged ETFs and single-day options. Separately, The Information reported that Nvidia agreed to acquire open-source AI platform Hugging Face for $12.9 billion, adding to a technology M&A wave.