The author expresses a bearish outlook on the software ETF IGV but maintains a positive sentiment on specific software names like PLTR, CRWD, PANW, and ORCL, arguing they are undervalued despite recent sell-offs shown in the provided chart. While chip stocks NVDA, AMD, and AVGO are noted for their current multiples, the author suggests that software companies with AI-driven growth potential are being unfairly discounted. The attached data highlights significant daily price drops for ORCL (-4.68%), PLTR (-7.80%), CRWD (-7.45%), PANW (-4.98%), MSFT (-0.99%), SNPS (-1.89%), and FTNT (-3.77%).