TechThe Information1h ago
Wall Street Learns to Love Software, Again
TL;DRSalesforce surged 23%, sparking a comeback for beaten-down software stocks.
Why it matters: Signals potential end to SaaS selloff; validates enterprise software demand thesis for investors.
Forget the SaaSpocalypse! It's a SaaS renaissance (SaaSaissance, anyone?). Shares of Salesforce rocketed 23% on Thursday, leading a recovery for many of the most beaten-down software stocks, including ServiceNow, Figma and Asana, after Salesforce reported upbeat July-quarter…
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