大涨近10%，创9月以来最大涨幅! 甲骨文股价强劲反弹力抗“软件已死”论!

Core Viewpoint - Wall Street analysts are pushing back against the "doomsday narrative" regarding the software industry, asserting that companies will not easily abandon their existing core systems and that software giants remain irreplaceable [1][4][6] Group 1: Market Sentiment and Analyst Opinions - The software sector has shown strength, with the iShares Expanded Tech-Software Sector ETF rising by 3% after a previous decline of approximately 28% [2] - Analysts from Wedbush Securities describe the recent "doomsday" narrative for software stocks as "extremely exaggerated," adding Salesforce and ServiceNow to their AI 30 list [2][6] - Analysts emphasize that the market is pricing in a "doomsday scenario" for software companies, which they believe is overly pessimistic [6] Group 2: Company-Specific Developments - Oracle's stock surged by 12%, marking its largest intraday gain since September 10, with a closing increase of nearly 10% [5] - D.A. Davidson upgraded Oracle's rating from neutral to buy, stating that "software is not dead" and that enterprises will continue to pay for Oracle products [5][7] - Despite the rebound, Oracle's stock remains about 50% lower than its peak last September and has declined approximately 20% year-to-date [7] Group 3: Capital Expenditure and Investment Trends - Increased capital expenditure commitments from tech giants are seen as a catalyst for the rebound in software stocks, with Amazon pledging $200 billion for data centers and other equipment this year [10] - Investors speculate that a combined $650 billion in AI tool spending from Amazon, Alphabet, Meta, and Microsoft will partially flow to software companies, providing support for the beleaguered software sector [10] - Other software leaders, such as Salesforce and ServiceNow, have also faced significant declines, with year-to-date drops of approximately 26% and 32%, respectively [10]