Software 'SaaSpocalypse:' BTIG Sees Salesforce, ServiceNow Rebound, But jim Cramer Warns Of Permanent AI Obsolescence - Salesforce (NYSE:CRM)

A historic divide has emerged on Wall Street as software stocks suffer their worst monthly decline since 2008, pitting technical analysts betting on a massive recovery against fundamentalists who fear the industry's business model is facing an existential threat from artificial intelligence (AI).The ‘SaaSpocalypse’ SelloffThe software sector has shifted from a state of bearishness to “doomsday” sentiment. Jeffrey Favuzza of Jefferies' equity trading desk told Bloomberg, "We call it the ‘SaaSpocalypse,' an a ...