Despite high inflation, enterprises are still ramping up spending on cutting-edge technology like AI and cloud computing, which should boost the software industry. Therefore, fundamentally strong software stocks Salesforce, Inc. (CRM), Xperi Inc. (XPER), and Rimini Street, Inc. (RMNI) might be worth buying.
However, considering potential rate hikes on the horizon, software stock Robinhood Markets, Inc. (HOOD) could best be avoided considering its fundamental weakness.
