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Software stocks rebound nearly 40% from April lows after AI-driven SaaSpocalypse

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  • Software ETFs IGV and XSW recovered sharply after artificial intelligence battered the sector.
  • Snowflake shares soared 22% Wednesday after exceeding second-quarter earnings and revenue estimates.
  • Jefferies favors data platforms and cybersecurity over consumer-facing software applications at this stage.
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Software stocks rebound nearly 40% from April lows after AI-driven SaaSpocalypse - CoinPost Terminal