Software Stocks Plunge

What is your thoughts on IBM?

High level on why that is? AI taking software work?

I sold a chunk of NOW about a month ago at $124 (bought at $101 in Feb)
I just picked up some little while ago at $82.15

We’ll see how it goes.

I’m big time In the hole on NOW. Bought In after the last couple of earnings dips, looking for a quick trade since they’ve been solid. Bought more this week at 92 and 87….

May look at a 2028 LEAP on CRM

GEMINI:
The software sector in 2026 is shifting away from speculative hype toward tangible AI results, requiring investors to focus on profitability.

* Salesforce (CRM) represents the best risk-reward opportunity. It combines an attractive 21x forward P/E ratio with robust adoption of its Agentforce platform, demonstrating clear and sustainable AI monetization.

* Adobe (ADBE) is the standout contrarian pick. Trading at a decade-low 14x multiple, it offers significant upside if the company can successfully navigate its leadership transition and ease competitive fears.

* ServiceNow (NOW) provides the most consistent momentum. It has established itself as the essential operating system for enterprise AI agents, attracting steady institutional interest despite sector headwinds.

* Snowflake (SNOW), Shopify (SHOP), and Cloudflare (NET) carry the highest risk. These names remain vulnerable to market volatility due to triple-digit multiples, elevated expectations, or inconsistent consumption-based revenue models.

In this environment, Salesforce (CRM) is the most reliable choice for a fundamental rebound based on execution. Adobe (ADBE) offers a high-reward valuation floor for patient investors willing to absorb short-term headline risk. The current market heavily prioritizes proven earnings quality over future potential, making these specific value-oriented growth plays the single most logical focus.

I’m buying PLTR on Trump play. I don’t care how you feel about Trump, the plays that he or his administration have endorsed have worked out. Look at INTC as an example.

What do you think about the cyber security stocks? Down big for same theory, but I'm not so sure. Started a position in PANW yesterday as it's growth and valuation getting very attractive.

what about MSFT?
PE ratio is at the lowest it has been in almost 10 years. Even the relationship with Altman sours, they have their enormous enterprise business, cloud business and they can simply scoop up another AI company with their cash on hand. OR kick Altman to the curve and hire a more competent leader at their AI division.
Thoughts?

I owned a bunch of individual software stocks a while back but sold. The only ones i own now are : MSFT, MDB , INTU and IBM. Sold out of cyber security ones for a nice gain. Most of the stocks discussed in here can be found in IGV etf. MSFT and INTU are already in this one but i feel like these will recover the quickest when the bleeding finally stops for software. For cybersecurity i just bought the etf : CIBR . This covered all the ones i sold: CRWD, PANW, NET.