Why software stocks like INTU, ADBE, TTD, WDAY, CRM are trailing the S&P 500

The S&P 500 has risen more than 21% over the past 12 months and is up 7% year to date, adding trillions of dollars in market value. The rally has been driven by the artificial intelligence boom, which has helped push corporate earnings growth to multi-year highs. The article is broadly bullish for equities and highlights a market-wide AI-led earnings backdrop.

Analysis

The S&P 500 has risen more than 21% over the past 12 months and is up 7% year to date, adding trillions of dollars in market value. The rally has been driven by the artificial intelligence boom, which has helped push corporate earnings growth to multi-year highs. The article is broadly bullish for equities and highlights a market-wide AI-led earnings backdrop.