Business

Tech Sector Rebounds as Market Concerns Ease

Updated 2026-05-29 21:20 UTC 1 source Positive

Software stocks, including Snowflake and Okta, saw record stock pops this week, marking the best month since 2001 as concerns over a 'SaaSpocalypse' subsided.

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CNBC

Software stocks wrap up best month since 2001 as talk of 'SaaSpocalypse' subsides

Snowflake and Okta both saw record stock pops this week as investors found favor in their AI software strategies.

2026-05-29 21:14 UTC