US software stocks scale fresh 2026 highs as AI disruption worries fade
US software stocks are touching fresh 2026 highs, supported by a sharp rise in earnings expectations, which according to several analysts indicate that fears over AI-led disruption in the sector were largely overstated.
The S&P 500 software and services index rose 1.3% on Tuesday to its highest levels since November 2025, after posting its biggest quarterly jump in July-September since the second quarter of 2020.
Strong earnings from software companies such as Salesforce, ServiceNow and Accenture, along with partnerships with AI labs, helped fuel a recovery in the sector that had been underway since late June.
