Software stocks are in an interesting position in the stock market today, to say the least. Why? Well, for one thing, a prominent chunk of the top tech firms around offer software services. This is by no coincidence. After all, like it or not, software acts as the metaphorical glue to our tech-reliant world today. Wherever there is tech, there is likely software running in the background to ensure it remains working right. From the ever-growing cloud, data center, and artificial intelligence (AI) markets to newer areas like the metaverse, this is apparent. Accordingly, for investors looking to ride the current momentum in tech, software stocks could be a go-to.
Evidently, there seems to be plenty of exciting developments in the software space now. Could that make one of these software stocks top picks in the stock market now?
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