Saaspocalyse (also styled as SaaSpocalypse or SaaS-pocalypse) is a portmanteau term that emerged in early 2026 to describe a sharp market sell-off and perceived existential threat to the traditional Software as a Service (SaaS) industry, triggered by rapid AI advancements.
Ca: 6fCNE2ib5HPUYAMs14sPqTHJG6gk6Ua1vw3T7kyKpump
Bill Nygren on the SaaSpocalypse
"Software stocks are trading cheaper than the S&P 500, their lowest ever relative P/E.
With AI uncertainty now at least partly reflected via lower prices, we believe the risk/reward has improved significantly.
Consider that the software stocks in Oakmark Fund now trade nearly 30% cheaper than average industrial stocks.
This reframes the question: "Are software businesses so much worse than industrials that they deserve such a discount?"
We believe the answer is an emphatic no, especially considering their much higher expected growth.
When stock prices change, the questions investors need to answer also change."