$2.5 Million ETF Challenges SaaSpocalypse Fears for Software Stocks
Updated
Updated · Bloomberg · Jun 11
$2.5 Million ETF Challenges SaaSpocalypse Fears for Software Stocks
1 articles · Updated · Bloomberg · Jun 11
Summary
$2.5 million in assets, a little-known ETF is signaling that the software sector may be holding up better than the earlier “SaaSpocalypse” selloff implied.
AI fears had hammered software shares on expectations companies would need fewer workers, sell fewer licenses and face pressure on their business models.
That shift in tone suggests investors are no longer treating software’s decline as a foregone conclusion, even if the signal is coming from a tiny, niche fund.
The fund’s move offers a narrow but notable counterpoint to the broader narrative that AI will structurally undermine software companies.