关税风暴中，微软等软件股成为避风港

Group 1 - The core viewpoint of the articles highlights that U.S. software stocks are becoming a safe haven amid the turmoil caused by tariffs, as companies like Microsoft, Oracle, and ServiceNow primarily sell digital products and services, which are less affected by tariffs [1][2]. - The U.S. software industry index has risen nearly 5% this year, contrasting with a nearly 1% decline in the Nasdaq 100 index and a 4% drop in the Philadelphia Semiconductor Index, indicating a strong performance in the software sector [1]. - Analysts express optimism about the software sector, with expected earnings growth of 13% for software companies this year, up from a previous estimate of 11.6%, and revenue growth projected at 10.6% [4]. Group 2 - Microsoft has reported better-than-expected earnings, driven by strong demand for its AI products, achieving its largest weekly gain in over two years, and its stock has risen over 25% since April [2]. - ServiceNow's stock has seen its largest increase in over a decade, with strong demand trends and a forecast of $1 billion in annual contract value for its main AI software product next year [2]. - Hardware manufacturers like Apple, which rely on complex global supply chains, face significant challenges due to tariffs, potentially eroding profit margins and leading to cost absorption or price increases for consumers [2][5].