CommonQuant.ai Research
AI-generated trading idea · LONG · NOW, OKTA, SNOW
Software stocks have their best month in 25 years — ride the AI-fueled comeback on Snowflake, Okta, and ServiceNow
Software stocks just had their best month in 25 years. The fear that AI would destroy software companies has completely flipped — now investors see AI as rocket fuel for the industry, with Snowflake, Okta, and ServiceNow leading the charge.
Idea
For months investors worried AI would make software companies obsolete — that narrative is now dead. Snowflake and Okta just had record-breaking stock jumps, and ServiceNow is up 40% this month alone. When an entire sector goes from hated to loved this fast, institutional money is often still reallocating in, meaning the rally can keep running. The AI-software story is no longer just hype — these companies are showing real revenue from AI features, which gives the rally a fundamental floor.
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