Column: The ‘SaaSpocalypse’ Has a Remarkable Number of Survivors
For the time being, we should perhaps consider the rebounded stocks as “survivors” rather than winners because there is still plenty of execution to happen before we can confidently say the AI storm has been weathered.
The ‘SaaSpocalypse’ Has a Remarkable Number of Survivorsbloomberg.comYou may remember February’s run on software-as-a-service stocks in which billions of dollars in value were wiped off companies that investors worried would be obliterated by artificial intelligence in the not-too-distant future, their specialist features replaced by bespoke in-house tools built on demand by AI instead.