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Apr 13, 2026 12:20 PM

SaaS Stocks Try To Recover — 'Software Empire Strikes Back'

SaaS stocks were trying to stage a modest rebound on Monday after a rough stretch, with some high‑profile names finally participating in what Jim Cramer called the "software empire" attempts to strike back.

ORCL stock is climbing. See the chart and price action here. 

From SaaSpocalypse To A Bounce

The so-called "SaaSpocalypse" has seen hundreds of billions in software market cap erased as investors rushed to reprice everything from Salesforce to security around fears that AI agents will eat into subscription growth and premium multiples. 

Salesforce Inc. (NYSE:CRM), ServiceNow Inc. (NYSE:NOW), Cloudflare Inc. (NYSE:NET), Snowflake Inc. (NYSE:SNOW) and Zscaler Inc. (NASDAQ:ZS) all sold off sharply on the heels of fresh releases from Anthropic, OpenAI and Meta Platforms (NASDAQ:META) which ...