Some software stocks are breaking out of the AI-driven 'SaaSpocalypse.' JPMorgan likes these names

Some software stocks are breaking out of the AI-driven 'SaaSpocalypse.' JPMorgan likes these names

Things may be turning around for one of the most beaten-down parts of the stock market.

These 4 software stocks are pulling out of SaaSpocalypse now

SaaSpocalypse – a fear-driven sell-off where investors worried artificial intelligence (AI) would cannibalize traditional software-as-a-service providers – is finally hitting a wall.While the iShares Expanded Tech-Software ETF (IGV) remains down for the year, a powerful 14% surge over the last month suggests a structural turnaround.According to JPMorgan technical strategist Jason Hunter, the software sector is decoupling from semiconductors, wit…