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AI boost helps software stocks recast “SaaSpocalypse” fears

MarketBeat linked last week’s software stock breakout to earnings from Salesforce, ServiceNow, CrowdStrike, Palantir, and Adobe.

Reported · Written up by our desk · Analyst Ratings

Software shares moved higher after earnings suggested AI is supporting demand rather than undermining it, helping investors step back from “SaaSpocalypse” fears, according to MarketBeat Ratings.

MarketBeat pointed to earnings from Salesforce, ServiceNow, CrowdStrike, Palantir, and Adobe as evidence that the AI-driven shift is showing up in results.

MarketBeat also highlighted that, while Salesforce has a Moderate Buy rating among analysts, it was not included in MarketBeat’s list of five stocks that top-rated analysts see as better buys.

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