GPU Depreciation May Crush The Software Sector Margins

The Nasdaq 100's YTD gain masks a sharp internal divergence: semiconductors surge while software stocks face margin compression from rising AI-driven capex. Hyperscalers' unprecedented $650B capex cycle is transferring operating margin from software to semiconductor firms, with depreciation schedules guaranteeing margin pressure.

Seeking Alpha • Jul 22, 2026

Markets Rattled By New Chinese AI Model: What Investors Need To Know

New Chinese AI Model Kimi K3 is raising questions for established players. Investors are questioning whether AI industry still has pricing power.

Seeking Alpha • Jul 21, 2026

These underperforming trades could yield big returns over next six months

ETF Action's Mike Akins is encouraging investors to boost exposure to groups that underperformed compared with major artificial intelligence stocks.

CNBC • Jul 11, 2026

Is State Street SPDR S&P Software & Services ETF (XSW) a Strong ETF Right Now?

Designed to provide broad exposure to the Technology ETFs category of the market, the State Street SPDR S&P Software & Services ETF (XSW) is a smart beta exchange traded fund launched on 09/28/2011.

Zacks Investment Research • Jul 2, 2026

Amazing Buying Opportunity As Software Gets Crushed Again

Software ETFs reached oversold territory after a sharp June pullback, yet April lows remain decisively defended, signaling resilience. Cybersecurity leaders CRWD and PANW decisively outperform, trading at elevated multiples (CRWD ~130x, PANW >70x), while broader application software trades below 19x forward P/E.

Seeking Alpha • Jun 25, 2026

Beyond Hardware: Software ETFs to Buy in the Next Leg of the AI Boom

Software-focused ETFs are gaining attention as AI adoption boosts demand for enterprise applications, cloud services, and cybersecurity.

Zacks Investment Research • Jun 17, 2026

Should You Invest in the State Street SPDR S&P Software & Services ETF (XSW)?

Looking for broad exposure to the Technology - Software segment of the equity market? You should consider the State Street SPDR S&P Software & Services ETF (XSW), a passively managed exchange traded fund launched on September 28, 2011.

Zacks Investment Research • Jun 15, 2026

Hunting for Alpha: Time to Play the AI Software Surge Through These ETFs

AI software spending is surging, lifting prospects for ETFs like IGV as firms monetize cloud, security and enterprise AI tools.

Zacks Investment Research • May 29, 2026

XSW: I Still Like It But Am Downgrading This ETF

State Street SPDR S&P Software & Services ETF is downgraded from Buy to Hold after a sharp rebound but persistent underperformance. XSW's diversified, equal-weighted structure limits concentration risk, but it remains the smallest tech ETF on my watchlist and has lagged broader tech indices. Despite a recent 22% rally, XSW is down 12% in 2026 and faces headwinds from potential sector rotation and bearish technology outlooks.

Seeking Alpha • May 23, 2026

The Credit Market Lens: Software Stuck In A Trough

Credit risk in the software sector may still be understated, as weaker growth and less reliable sponsor support could push defaults higher over time, even as refinancing pressure remains low. If the sector weakens further, history suggests losses could be larger than investors expect, as relevant past periods of heavy stress have led to below-average recoveries, not just more defaults.

Seeking Alpha • Apr 20, 2026