U.S. software stocks rebound after last week's AI-driven losses

Workday

13/04/2026 16:56

** Shares of U.S. software companies rise, rebounding from sharp losses last week

** The S&P 500 Software and Services sector .SPLRCIS rises 3.4%, with all components trading higher

** Sector fell 3.4% last week on renewed AI jitters after Anthropic launched a new cybersecurity project

** AI cloud firm Oracle ORCL.N gains 8.8%, the most; Microsoft MSFT.O up 2.7%

** Cloud software provider Salesforce CRM.N gains 4.2%

** ERP software provider ServiceNow NOW.N and mobile ad-tech firm Applovin APP.O up more than 6.5%

** Intuit INTU.O and Adobe ADBE.O rise 4.4%

** Workday WDAY.O and Crowdstrike CRWD.O gain more than 5%

** iShares Expanded Tech-Software Sector ETF IGV.N up 4.3%

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))