Some software stocks are breaking out of the AI-driven 'SaaSpocalypse.' JPMorgan likes these names

Things may be turning around for one of the most beaten-down parts of the stock market: software. The iShares Expanded Tech-Software ETF (IGV) is up nearly 14% over the past month. It also gained more than 4% in April, snapping a three-month decline. Still, the IGV is down 14% for the year, as investors fear artificial intelligence will take market share from many software-as-a-service companies — leading to a "SaaSpocalypse." But the recent move higher could have legs, especially as several …