Security company Okta shot up 30% Friday, reported CNBC, while data platform provider Snowflake jumped 50% this week.

They see it as part of a larger trend where software stocks "soared this week," signaling "some companies are navigating their way through AI disruption better than Wall Street expected" and that investors "may have been too quick to declare the end of software with the emergence of AI. Even as AI displaces certain tools and job functions, many software companies continue to show growth, assisted by their own AI products..."

The "SaaSpocalypse" may not be over. But for now at least, fears of software's demise have cooled... The iShares Expanded Tech-Software exchange-tr...