Software stocks post best month since 2001 as SaaSpocalypse fears fade

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Published: 2 days ago

Software stocks recorded their strongest monthly performance since 2001, with Snowflake and Okta hitting record highs this week as investors embraced AI-focused strategies. The rally signals renewed confidence in the tech sector after months of decline. USD could strengthen on improved risk sentiment and tech sector recovery. Rising software stocks may boost broader US equity markets, supporting dollar demand against safe-haven currencies like JPY and CHF.

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