Wire report
Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides
Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.
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Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.
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What happened
According to CNBC’s linked item, Software stocks wrap up best month since 2001 as talk of ‘SaaSpocalypse’ subsides, Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.
Context
The development sits in VINI’s Technology coverage for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The linked item is dated 2026-05-29T21:14:04+00:00.
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Source
Primary source: Software stocks wrap up best month since 2001 as talk of ‘SaaSpocalypse’ subsides via CNBC. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsidesCNBC - 2026-05-29T21:14:04+00:00
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