GoKawiilCramer highlights software rebound as Q3's key stock market trend
Jim Cramer said on CNBC's Mad Money that enterprise software stocks staged a sharp recovery in the third quarter while chip stocks pulled back after earlier gains. The iShares Expanded Tech-Software Sector ETF rose 17% in the quarter versus an 11% drop for the iShares Semiconductor ETF, with Salesforce up 46%, Microsoft up 37%, Workday up 55%, Veeva up 60% and CrowdStrike up 39%, while Corning fell nearly 40%.
GoKawiil's interpretation of the reporting above, not reported fact.
The divergence suggests investors may be rotating away from AI infrastructure plays toward software companies seen as beneficiaries of AI adoption, according to Cramer's framing. His bullish comments on Microsoft and Salesforce reflect a view that AI integration, rather than disruption, is now driving growth at these firms, though this remains his own market read rather than confirmed company guidance. The Corning pullback, which Cramer called profit-taking, illustrates how quickly sentiment can shift for stocks previously tied to data center buildout optimism.
- Software ETF IGV rose 17% in Q3 while semiconductor ETF SOXX fell 11%, per Cramer's data.
- Salesforce, Microsoft, Workday, Veeva and CrowdStrike all posted double-digit gains amid easing AI disruption fears.
- Corning dropped nearly 40% after a prior rally, which Cramer attributed to profit-taking rather than fundamentals.
Source: cnbc.com — Alexa Lomonaco, 2026-10-01
Published there as: “Software roared back last quarter. Cramer says these stocks can keep climbing”
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