CNBC's Jim Cramer said Thursday that enterprise software's comeback was the defining stock market story of the third quarter. The major averages posted modest gains in the third quarter, which ended Wednesday, but there were much bigger moves beneath the surface as market leadership shifted. Software stocks roared back from their artificial intelligence-driven sell off, while chip names cooled after a massive first-half run. The iShares Expanded Tech-Software Sector ETF (IGV) rose 17% during the quarter, compared with an 11% decline for the iShares Semiconductor ETF (SOXX). "Ultimately, I think we'll remember the third quarter as the moment when software bounced back and some amazing data center plays succumbed to profit taking," the "Mad Money" host said. Click here to read Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter
"Inverse Cramer" 😅