From 24/7 Wall St. · Omor Ibne Ehsan · · 1m
Software Stocks Rally After 'Apocalypse' Label
Software stocks rebounded 41% in six months after being called 'SaaS apocalypse' in April.
In brief
Software stocks rebounded 41% in six months after being called 'SaaS apocalypse' in April. Software stocks rose 41.46% from April 13 to October 12, 2026, reversing their 'apocalypse' label. Originally reported by 24/7 Wall St..
Software Stocks Rebound
Software stocks rose 41.46% from April 13 to October 12, 2026, reversing their 'SaaS apocalypse' label.
“software stocks are up over 50% in six months”
ETF Performance Comparison
IGV outperformed QQQ by 20.84% and SPY by 13.41% over the same six-month period.
Short-Term Gains
IGV gained 9.64% in the past month but fell 1.21% on October 12.
Seat Compression Impact
Subscription software revenue depends on seat counts, which AI reduces through agent efficiency.
Investor Decision Point
Investors must weigh whether the rally reflects lasting software re-rating or a temporary momentum trade.
Next Guidance Season
A weak earnings report could erase much of the April rally, with seat data still thin.
In short
Software stocks rose 41.46% from April 13 to October 12, 2026, reversing their 'apocalypse' label.
