SaaS stocks have been slaughtered, most of them in a sell-first, ask questions later fashion. Three SaaS companies we follow are PAR, TOST, and NOW. The whole SaaS segment got a boost from excellent figures from Salesforce (CRM):Salesforce reported Q2 results and full‑year guidance that topped consensus, easing fears of AI‑driven demand destruction.Management highlighted strong AI product traction (including the “Claudeforce” tie‑up with Anthropic’s Claude), reinforcing the view that AI is expanding CRM’s value rather than replacing it.The CEO publicly called the “SaaSpocalypse” narrative “nonsense,” and the magnitude of the rally forced a broad repricing of enterprise software multiples.Our three SaaS stocks are also producing similar results and benefiting, rather than suffering from AI.Subscribe now
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