Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides
Key points
- Sridhar Ramaswamy, CEO of Snowflake, helps ring The Closing Bell at the New York Stock Exchange on Sept.
- 30, 2025. The "SaaSpocalypse" may not be over.
- But for now at least, fears of software's demise have cooled.
- Software stocks soared this week, driven by strong results from Snowflake and Okta, signaling that some companies are navigating their way through artificial intelligence disruption better than Wall Street expected.
- The iShares Expanded Tech-Software exchange-traded fund rose 8% this week and closed May up 21%, the best monthly performance for the ETF since October 2001. Back then it was a brief rebound during the dot-com bust, while the current rally comes as concerns about the impact of AI ripple across the sector.
Quick Summary
Sridhar Ramaswamy, CEO of Snowflake, helps ring The Closing Bell at the New York Stock Exchange on Sept. 30, 2025. The "SaaSpocalypse" may not be
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Software stocks wrap up best month since 2001 as talk of 'Sa.
Key Takeaways
- Sridhar Ramaswamy, CEO of Snowflake, helps ring The Closing Bell at the New York Stock Exchange on Sept.
- The "SaaSpocalypse" may not be over.
- But for now at least, fears of software's demise have cooled.
- Software stocks soared this week, driven by strong results from Snowflake and Okta, signaling that some companies are navigating their way through artificial intelligence disruption better than Wall Street expected.
- The iShares Expanded Tech-Software exchange-traded fund rose 8% this week and closed May up 21%, the best monthly performance for the ETF since October 2001.
📌 Source: CNBC
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