SaaSpocalypse
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The 'SaaSpocalypse' is over, says private equity giant Thoma Bravo. Here's why it sees an AI boom for software
The "SaaSpocalypse" is over, and AI now offers software companies an "enormous tailwind," the founder and managing partner of private equity giant Thoma Bravo has said. Software-as-a-Service stocks came under pressure in February, when Anthropic triggered a rapid sell-off by unveiling advanced AI tools for its Claude co-working agent, fueling investor fears of a "SaaSpocalypse" for the sector. But Orlando Bravo, founder and managing partner of Thoma Bravo, told CNBC that saying investors are...
Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides
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.
Nvidia CEO agrees with TCS, Salesforce, SAP CEOs: It's an incredible time to be a software company
Nvidia CEO Jensen Huang has echoed the optimism of global software leaders and pushed back against the fears of a looming “SaaSpocalypse,” telling audiences at Computex that the rise of agentic AI is creating unprecedented opportunities for software firms. Huang addressed concerns that AI agents could disrupt traditional SaaS models, saying: “A lot of people have said, ‘Jensen, AI is coming. Agentic AI is coming.
Software stocks just passed a big milestone
Could it be "SaaSpocalypse Never?" Software stocks are surging back from an artificial intelligence-driven sell-off that saw the group shed almost 40% from highs last year, rallying about 6% Monday in a surge that brought the year-to-date performance in the iShares Expanded Tech-Software Sector ETF (IGV) into positive territory for the first time. The fund is now less than 9% below its all-time high from September after a 44% rally off its April low.
Palo Alto CEO says customer meeting requests have surged amid AI security concerns
Palo Alto Networks CEO Nikesh Arora said artificial intelligence is making cybersecurity more important as increasingly sophisticated AI-powered attacks force companies to strengthen their defenses. "I think we declared the 'SaaSpocalypse' dead for cybersecurity officially," Arora said on CNBC's "Mad Money" on Tuesday, referencing investor concerns earlier this year that software-as-a-service, or SaaS, companies would be disrupted by AI models. Palo Alto reported stronger-than-expected...
AI Is Slowing Down
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