SaaSpocalypse - my foot

Snowflake (SNOW) just staged a massive comeback, surging 36% in a single day to single-handedly ease the market's "SaaSpocalypse" anxiety. The data cloud giant shattered fears that generative AI would destroy traditional software by proving that AI is actually accelerating its business. The blowout Q1 fiscal 2027 earnings report and a massive cloud partnership triggered the stock's best day on record. 😒 submitted by /u/Equal-Emphasis-4129 [link] [comments]