The software sector is experiencing a significant upward move, with the IGV ETF climbing 3.50%, largely driven by a strong earnings report from AI-software company Palantir (PLTR). Palantir's shares surged nearly 17% in pre-market trading after the company reported blockbuster quarterly results and raised its full-year revenue forecast. This positive news has created a ripple effect, boosting sentiment for other AI-related and software stocks and contributing to a broader tech rally.