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'SaaSpocalypse' Survival Guide

By Seeking Alpha February 20, 2026 Bearish
'SaaSpocalypse' Survival Guide
AI is fundamentally disrupting traditional SaaS, compressing multiples and threatening growth for companies like Salesforce and Workday. High-multiple, asset-light SaaS firms such as Snowflake, Shopify, and HubSpot face shrinking TAMs and margin pressure as AI commoditizes workflows.
AI is fundamentally disrupting traditional SaaS, compressing multiples and threatening growth for companies like Salesforce and Workday. High-multiple, asset-light SaaS firms such as Snowflake, Shopify, and HubSpot face shrinking TAMs and margin pressure as AI commoditizes workflows.