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%.