Investors experienced a “Friday bounce” after a turbulent week in the software industry, with Nasdaq posting a 2% weekly decline. Strategists urge patience, noting the selling may have been excessive. Big Tech earnings demonstrated over $650 billion in AI investments. Some market sectors, like Consumer Staples and Energy, remain undervalued. Defensive sectors are outperforming tech, which is down for the year.

Read more at Yahoo Finance: Wall Street strategists weigh in on software stock sell-off