The “SaaSpocalypse” is here. Grab your popcorn. 🍿

Remember when Marc Andreessen said software was eating the world? Well, apparently, AI skipped breakfast and decided software looked like a snack.

If you’ve looked at a stock chart for Salesforce, ServiceNow, Adobe, or Intuit lately, it looks less like a "correction" and more like a crime scene. We’re talking 20% drops in the blink of an eye. The bears are out and the term "SaaSpocalypse" is trending, and the vibe is officially "Sell everything with a login screen."

But let's think about this, is this fear really rational (I ask this knowing that the stock market can be irrational), but does Salesforce have to worry that someone that has never coded a day in their lives, will now sit at home and Vibe code a new application that will rival their platform. That doesn't seem really possible right now (I know famous last words). Yes, someone on YouTube did "vibe-code" a Monday.com clone in their pajamas using Claude, but does that mean a 20-year-old enterprise platform like Salesforce is suddenly a glorified digital Rolodex; absolutely not!

I love a good AI-generated app as much as the next guy, but there is a massive chasm between "I built a task list by talking to my computer" and "I am managing the global supply chain of a Fortune 500 company on a Friday afternoon."

Is Agentic AI powerful? Absolutely. Will it eat into seat-based licensing because one AI agent can do the work of five humans who no longer need a login? Yes. But replacing the entire system of record for a global enterprise? No way. To quote Mark Twain: The reports of software's death have been greatly exaggerated.

The market is currently acting like a teenager after a breakup—convinced the world is over because one thing changed. It’s not over; it’s just changing.

The Investor Publication Team