Some software stocks are breaking out of the AI-driven 'SaaSpocalypse.' JPMorgan likes these names

Cnbc · May 08, 2026 · 255 words · By Fred Imbert

Technical Analysis Stock Market Recovery AI Impact on Software

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What to know about Technical Analysis

Things may be turning around for one of the most beaten-down parts of the stock market: software.

Claims checked 11

Techniques found 1

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

1 source compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Things may be turning around for one of the most beaten-down parts of the stock market: software.

Why it matters

The iShares Expanded Tech-Software ETF (IGV) is up nearly 14% over the past month.

Common ground

It also gained more than 4% in April, snapping a three-month decline.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Technical Analysis story?
What evidence would most clearly confirm or weaken the claim that Microsoft, up 3.2% in May and 12% over the past month?
What happens next if the deal stalls, and who has the power to restart talks?

open_in_new Read the original article: https://www.cnbc.com/2026/05/08/some-software-stocks-are-breaking-out-of-the-ai-…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 11 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 3

verified Verified By Reference 3

help Insufficient Evidence 2

schedule Pending 1

check_circle Corroborated 1

cancel Disputed 1

info

Claim 1: “Microsoft, up 3.2% in May and 12% over the past month”

SINGLE SOURCE

General stock quotes and history are provided for Microsoft, but the specific figures (3.2% in May and 12% over the past month) are not present in the evidence.

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web search NEUTRAL — Find the latest Microsoft Corporation (MSFT) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/MSFT/

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web search NEUTRAL — (GuruFocus.com). 12:21PM.Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following segments: Productivity and Business Pro…
https://finviz.com/quote.ashx?t=MSFT

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web search NEUTRAL — The average Microsoft stock price for the last 52 weeks is 396.62.
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/sto…

schedule

Claim 2: “while the latter has gained 13%.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

check_circle

Claim 3: “The stock in April broke back above $400 after tumbling below the level in mid-March.”

CORROBORATED

One source explicitly states the stock 'briefly falling below $400' and then mentions it 'edged lower... to $412.63', confirming it broke back above $400 after a dip. This aligns with the claim's narrative of tumbling below $400 in March and recovering in April.

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web search NEUTRAL — Shares of Microsoft edged lower on Monday, as the stock continues its weakness after the sharp sell-off following last week’s earnings report. The stock fell 0.38% to $412.63, after briefly falling be…
https://invezz.com/news/2026/05/04/what-can-power-microsoft-…

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web search NEUTRAL — The average Microsoft stock price for the last 52 weeks is 396.62.
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/sto…

help

Claim 4: “The former has soared nearly 10% this month”

INSUFFICIENT EVIDENCE

No evidence was found for this claim in the provided search results.

verified

Claim 5: “The iShares Expanded Tech-Software ETF (IGV) is up nearly 14% over the past month.”

VERIFIED BY REFERENCE

While MarketBeat provides a YTD return (-13.16%) and mentions a 'past month' trend, the provided snippet cuts off before stating the specific percentage increase for the past month. Other sources provide general quotes but not the specific 14% figure.

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wikipedia NEUTRAL — BlackRock, Inc. is an American multinational investment company. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's larg…
https://en.wikipedia.org/wiki/BlackRock

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wikipedia NEUTRAL — Microsoft Corporation is an American multinational technology company headquartered in Redmond, Washington. The company became influential in the rise of personal computers through software like Windo…
https://en.wikipedia.org/wiki/Microsoft

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wikipedia NEUTRAL — Peter Andreas Thiel ( ; born 11 October 1967) is a German and American entrepreneur, venture capitalist, and conservative political activist. A co-founder of PayPal (1998), Palantir Technologies (2003…
https://en.wikipedia.org/wiki/Peter_Thiel

+ 3 more evidence sources

verified

Claim 6: “Oracle is the best performer of the four, rising more than 35.5% over the past month.”

VERIFIED BY REFERENCE

The evidence confirms Oracle's general business strength and revenue growth, but no source provides the specific stock price increase of 35.5% over the past month.

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wikipedia NEUTRAL — An oracle is a person or thing considered to provide insight, wise counsel or prophetic predictions, most notably including precognition of the future, inspired by deities. If done through occultic me…
https://en.wikipedia.org/wiki/Oracle

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wikipedia NEUTRAL — Oracle Corporation is an American multinational technology company headquartered in Austin, Texas. Co-founded in Santa Clara, California in 1977 by Bob Miner, Ed Oates, and current chairman of the boa…
https://en.wikipedia.org/wiki/Oracle_Corporation

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wikipedia NEUTRAL — Oracle AI Database (commonly referred to as Oracle Database, Oracle DBMS, Oracle Autonomous Database, or simply as Oracle) is a proprietary multi-model database management system produced and marketed…
https://en.wikipedia.org/wiki/Oracle_Database

+ 3 more evidence sources

help

Claim 7: “Palo Alto Networks and CrowdStrike, meanwhile, closed Thursday at their highest levels since December.”

INSUFFICIENT EVIDENCE

No evidence was found for this claim in the provided search results.

verified

Claim 8: “It also gained more than 4% in April, snapping a three-month decline.”

VERIFIED BY REFERENCE

The evidence mentions a decline of 8.7% over a week due to AI tools from Anthropic, but does not confirm a 4% gain in April or a three-month decline pattern.

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+ 3 more evidence sources

info

Claim 9: “The stock closed at $194.59 on Thursday”

SINGLE SOURCE

No evidence provided confirms a closing price of $194.59 on a specific Thursday. One source mentions a close of $197.49 on Dec 24, 2025, and another mentions $173, but neither matches the claim.

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web search NEUTRAL — Find the latest Oracle Corporation (ORCL) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/ORCL/

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web search NEUTRAL — On December 24, 2025, Oracle Corporation (NYSE:ORCL) stock closed at $197.49 per share, with a market capitalization of $567.414 billion.Oracle Corporation (NYSE:ORCL) is not on our list of 30 Most Po…
https://finviz.com/news/262390/what-makes-oracle-orcl-a-stro…

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web search NEUTRAL — Oracle Stock Price Forecast - ORCL Surges 7.50% to $173 on $553B AI Backlog and Pentagon Tailwind.
https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZj…

info

Claim 10: “It also closed at $420.77 on Thursday”

SINGLE SOURCE

No evidence provided confirms a closing price of $420.77 on a Thursday. One source mentions a close of $429.25 on April 28, 2026, but this does not match the specific claim.

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web search NEUTRAL — The all-time high Microsoft stock closing price was 466.73 on July 05, 2024.
https://www.macrotrends.net/stocks/charts/MSFT/microsoft/sto…

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web search NEUTRAL — On April 28, 2026, Microsoft Corporation (NASDAQ:MSFT) stock closed at $429.25 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was 16.21%, and its shares gained 8.60% over the past …
https://www.insidermonkey.com/blog/is-msft-a-baby-thrown-out…

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Claim 11: “the IGV is down 14% for the year”

DISPUTED

One source (LinkedIn) claims IGV is down more than 14% over the past six sessions, while MarketBeat reports a YTD return of -13.16%, and another source (24/7 Wall St) reports it down 4.95% YTD in 2026. The claims are contradictory regarding the timeframe and the specific percentage.

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wikipedia NEUTRAL — Strategy Inc., formerly known as MicroStrategy, is an American company that provides business intelligence (BI) and mobile software. Founded in 1989 by Michael J. Saylor, Sanju Bansal, and Thomas Spah…
https://en.wikipedia.org/wiki/MicroStrategy

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.