Software stocks jump as Wall Street pushes back on 'doomsday scenario' for industry

Software stocks mostly rebounded on Monday as Wall Street analysts pushed back against growing investor fears that artificial intelligence could disrupt the sector’s business models. Oracle (ORCL) shares jumped 10% after DA Davidson’s Gil Luria upgraded the stock to Buy from Neutral, citing optimism about the company’s OpenAI deal and pushing back against fears that AI would hurt its software business. "Software isn’t dead," Luria said in a note. "We believe companies will continue to pay for Oracle’s ...