Market watchers back Jensen Huang’s view that investors are ‘wrong’ on SaaSpocalypse

Nvidia’s Jensen Huang was right when he told CNBC investors “got it wrong” over AI fears that drove them to sell off software stocks, market watchers have said.

Software stocks have been caught up in a sell-off that dragged the sector into bear market territory, amid fears AI could make software as a service — or SaaS — obsolete. It has been dubbed the “Saaspocalypse.”

Source: https://www.cnbc.com/2026/02/26/nvidia-ceo-jensen-huang-software-saas-markets-microsoft-salesforce-oracle.html