Wall Street snaps up software stocks as investors bet the worst is truly over this time

But this week's rebound is attracting some bottom-fishing investors back to the sector, hoping that the worst may finally be over. In just the past two trading days, a popular software industry-tracking ETF has risen by 6.4%, Oracle soared 18%, while Microsoft and Palantir Technologies Inc. both gained 6%. Emily Roland, co-chief investment strategist at Manulife John Hancock Investments, said, "I think the view that artificial intelligence will destroy all software companies is a bit hard to believe, or at least it's premature."