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Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides

CNBC Friday 29 May 2026, 21:14 UTC 1 min read

Key Points

The article discusses the performance of software stocks, which had their best month since 2001. Snowflake and Okta, two prominent software companies, experienced significant stock increases due to their AI software strategies. The article highlights the positive sentiment towards these companies and their potential for growth in the software industry.

Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.

Originally published by CNBC Read original →

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