(https://www.marketwatch.com/story/here-are-some-signs-that-say-investors-should-give-the-software-sector-a-second-chance-f4143255?mod=mw_rss_topstories)—classic short-covering bounce off oversold levels. But the headline misses the timing problem: subscription SaaS companies haven't yet faced the full tariff pass-through on infrastructure costs.

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