saaspocalypse

Today $665B was wiped from the markets, $575B from US stocks and $90B from crypto.

The selloff was led by enterprise software and tech, hit by a second straight day of “AI agents will replace SaaS” fears alongside a Middle East oil spike that soured risk appetite. Among the biggest losers in the stock market were IBM (-7.17%), Datadog (-6.99%), ServiceNow (-6.1%), Oracle (-5.83%), Snowflake (-5.8%) and Dell (-5.71%), with Nvidia, Amazon and Microsoft each down around 3%.

Crypto fell harder in percentage terms even as its dollar loss was smaller. Bitcoin slid about 4% to roughly $65,100 and Ethereum dropped about 5% to near $1,830, with major altcoins including Solana, Dogecoin and Cardano also in the red on a broad risk-off move and continued ETF outflows.

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#SaaSpocalypse , #IBM , #Ethereum , #RiskOff , #MarketSelloff , $BTC $ETH

📉 SOFTWARE: Palantir (PLTR) takes a hard hit and falls to 52-week lows in the "SaaSpocalypse" 💻🚨

Palantir Technologies (PLTR) shares saw a sharp drop of 5.45% during this Thursday’s trading session, reaching an intraday low of $106.38, its lowest level in the past 52 weeks, according to Investing.com 📰.

The drastic correction is not driven by negative news or internal company factors.

Instead, the data analytics and artificial intelligence giant has been caught in an aggressive wave of mass selling hitting the entire technology sector.

This liquidation phenomenon, dubbed by Wall Street operators as the "SaaSpocalypse", represents a deep price repricing and widespread profit-taking across the software and AI tools sectors 📊.

Investors are rebalancing portfolios amid fears of excessive valuations in today’s tech ecosystem 🏛️.
$BTC
$FET
$NEAR

#BinanceSquare #Palantir #PLTR #SaaSpocalypse #WallStreet