The Markets Are Rebounding, but the ‘SaaSpocalypse’ May Be a Sign of Things to Come |
Salesforce, Adobe, Docusign and Workday were among the $300 billion sell-off’s biggest victims
BY BRIAN CONTRERAS, STAFF WRITER @_B_CONTRERAS_
Photo: Getty Images
After the “SaaSpocalypse” that shook AI-susceptible software companies earlier this week, things are starting to look up for the sector—but only to a point. Some stocks showed signs of improvement on Friday morning, but the bigger question of how these firms will adapt to an age of artificial intelligence remains to be seen.
The trouble started Tuesday with AI industry mainstay Anthropic’s launch of a new tool........