The Financial Post reports in its Thursday edition that market pros increasingly think the punishment of software stocks over the past few weeks went too far, creating new bargains in shares that were beaten down in an indiscriminate sell-off. A Bloomberg dispatch to the Post says strategists at JPMorgan see potential for a software rebound based on the "overly bearish outlook on AI disruption and solid fundamentals," they wrote in a note to clients Tuesday. Meanwhile, Goldman Sachs chief executive officer David Solomon said Tuesday that he thinks the sell-off was "too broad" and that people are acting like software is on a straight line to zero. A counter-trend rally is in the cards with some stocks historically cheap. The S&P North American software index traded below 20 times forward earnings last week for the first time ever. It is at roughly 23 now as the stocks rebound somewhat, still well below its long-term average multiple of 34. The names most consistently mentioned by market pros are: Microsoft, Snowflake, Servicenow, Salesforce and Palantir. Snowflake, which makes data analysis software, lost 27 per cent in just six sessions. However, the company is well placed within the AI ecosystem, Bloomberg says.