Software stocks are plummeting amid fears that artificial intelligence (AI) is killing the business model. The software sector is underperforming Nasdaq by a wide margin, sparking panic. However, Senior Market Strategist John Rowland argues that this is a moment of capitulation, not a death spiral. While AI can automate tasks handled by software, mission-critical platforms embedded in workflows are safe. Cybersecurity software, like Okta, is highlighted as a survivor in the AI-driven world. The market remains cautious, with opportunities for defined-risk strategies amidst volatility. The “SaaS-pocalypse” is more about valuations unwinding and a reassessment of software premiums in an AI-driven world.

Read more at Barchart: OKTA & More Top Stocks to Pull from the Ashes of ‘SaaS-pocalypse’