{"id":222663,"date":"2026-05-29T17:03:00","date_gmt":"2026-05-29T21:03:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/29\/software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse\/"},"modified":"2026-05-29T17:15:22","modified_gmt":"2026-05-29T21:15:22","slug":"software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/05\/29\/software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse\/","title":{"rendered":"Software stocks wrap best month since 2001 as talk of &#8216;SaaSpocalypse&#8217;"},"content":{"rendered":"<p><a href=\"https:\/\/www.cnbc.com\/2026\/05\/29\/software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse-.html\">Software stocks wrap best month since 2001 as talk of &#8216;SaaSpocalypse&#8217;<\/a><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/05\/29\/software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse-.html\">https:\/\/www.cnbc.com\/2026\/05\/29\/software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse-.html<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-05-29 17:03:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.cnbc.com\">www.cnbc.com<\/a><\/p>\n<ul>\n<li>The iShares Expanded Tech-Software ETF had its best monthly performance since October 2001, seeing an 8% rise this week and a 21% increase in May.<\/li>\n<li>Snowflake and Okta drove the recent surge in software stocks, suggesting better-than-expected resilience to AI disruption.<\/li>\n<li>Snowflake had its best single-day performance ever on Thursday and logged a nearly 50% gain over four trading days, announcing a $6 billion partnership with Amazon to provide cloud and chip components.<\/li>\n<li>Analysts are particularly bullish on Snowflake&#8217;s potential benefits from generative AI, boosting the price target from $250 to $300.<\/li>\n<li>Okta also saw significant gains, rising 30%, attributing its success to the increased demand for identity security tools due to the shift towards agentic AI.<\/li>\n<li>Other software firms such as Atlassian, ServiceNow, and Oracle also experienced notable gains, though Microsoft&#8217;s stock lagged, declining nearly 7% for the year.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Software stocks wrap best month since 2001 as talk of &#8216;SaaSpocalypse&#8217; https:\/\/www.cnbc.com\/2026\/05\/29\/software-stocks-wrap-best-month-since-2001-as-talk-of-saaspocalypse-.html Publish Date: 2026-05-29&#8230;<\/p>\n","protected":false},"author":1,"featured_media":222664,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108206044-1759265547154-Snowflake-CB-Photo-20250930-KK-PRESS-021.jpg?v=1759265883&w=1920&h=1080","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[19],"class_list":["post-222663","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-generative-ai"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/222663"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=222663"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/222663\/revisions"}],"predecessor-version":[{"id":222665,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/222663\/revisions\/222665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/222664"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=222663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=222663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=222663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}