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311 Software Stocks Have Best Month Since 2001. Talk of 'SaaSpocalypse' Subsides

Slashdot
EditorDavid @ Slashdot · 05/30/2026 11:34 EDT

Software Stocks Have Best Month Since 2001. Talk of 'SaaSpocalypse' Subsides

Security company Okta shot up 30% Friday, reported CNBC, while data platform provider Snowflake jumped 50% this week.


They see it as part of a larger trend where software stocks "soared this week," signaling "some companies are navigating their way through AI disruption better than Wall Street expected" and that investors "may have been too quick to declare the end of software with the emergence of AI. Even as AI displaces certain tools and job functions, many software companies continue to show growth,.

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