$NOW is up 10% overnight. Is SaaS the next boom that won't ever stop?
u/Civil-Community-1367 ·
Reddit — r/ValueInvesting
· June 01, 2026 at 00:30
· ⬆ 15 pts
· 💬 7 comments
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Summary
The post notes ServiceNow ($NOW) rallied 10% after strong earnings, prompting a question about whether SaaS stocks are entering a new bull run.
The author has been focused on AI and semiconductors but now sees potential rotation into software, though they present no personal thesis or position.
Quality assessment: This is speculative noise / a general market observation, not a well-researched deep dive.
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I've mostly been focused on AI names and semis, but seeing $NOW jump 10% after earnings/news has me wondering if the market is starting to reward software again.
For the last few years it felt like SaaS was dead money compared to chips and infrastructure plays. Now companies like ServiceNow seem to be putting up strong numbers and getting premium valuations again.
Do you think we're entering another multi-year SaaS run, or is this just a temporary rotation while AI spending works its way through the system?