US software stocks hit new highs

U.S. software company stocks reached new record highs in 2026, driven by rising profit expectations and benefiting from strong financial results from major companies such as Salesforce, ServiceNow, and Accenture, as well as partnerships with AI laboratories. Despite previous concerns about the impact of artificial intelligence on software business models, the sector has been recovering since late June, with the S&P 500 software and services index increasing by 1.3% on Tuesday and gaining 5% since the start of the year. Fears of a sell-off due to "SaaSpocalypse" have diminished, and demand for software services remains strong, with projections pointing to an increase in annual profit growth to 20.6% in 2026, although risks related to the future impact of AI technologies on traditional companies continue to persist.

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