The software sector is undergoing a correction, particularly within the software-as-a-service (SaaS) industry, as AI threatens its business model. 

ADBE stock is moving. See the chart and price action here. 

Major players like Salesforce, Inc. (NYSE:CRM) and Adobe, Inc. (NASDAQ:ADBE) are facing their worst quarterly performance since the height of the 2008 financial crisis, prompting concerns of a potential “SaaSpocalypse” and questions about a 2008-style collapse.

Investors are increasingly wary of the potential disruptive impact of AI on SaaS business models, stemming from the possibility that AI-powered solutions could automate many functions currently performed by the platforms. 

This would reduce their value proposition and challenge their existing revenue streams. The fear is exacerbated by the rapid advancement and adoption of generative AI tools, which can generate code, write marketing copy and create visual ...