$GOOGL
SUNDAR ON THE RECENT SAAS MELTDOWN:
- AI is going to be an enabling tool for software co...
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Note: AI-generated summary based on third-party content. Not financial advice. Read more.
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Despite a recent "meltdown" where software stocks lost 6 years of relative gains against the S&P 500, Google's ($GOOGL) Sundar Pichai believes AI will enable, not destroy, SaaS companies. Investors might consider this a potential buying opportunity for oversold SaaS stocks like $CRM, $ADBE, $NOW, $INTU, $DDOG, $APP, and the $IGV ETF, especially those integrating AI.
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