Service Now (NOW) is identified as a critical software vendor with proprietary data and deep vertical workflows, making it a strong contender to monetize its data and benefit from the ongoing shift in the tech sector.
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Dan Ives: Why the SaaS Apocalypse Is a Total Myth
Aug 15, 2026
This video discusses the current state of the tech trade, focusing on software versus semiconductors in the context of the AI boom. It argues that the feared "SaaS apocalypse" was a fictional narrative and that software will be a key beneficiary of AI, acting as a second and third derivative. The discussion also touches on the role of private equity in the software space, the importance of customer install bases and data, and the ongoing need for cybersecurity budgets.
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Salesforce (CRM) is highlighted as a key platform with deep vertical-specific workflows and proprietary enterprise data, positioning it to monetize its data and thrive in the evolving software landscape.
Nvidia's GPU spending is seen as a catalyst for significant subsequent software and services revenue, though the creator believes this benefit will disproportionately flow to large platforms.
Palantir is cited as a key example of a company providing the concrete financial validation that tech investors seek, demonstrating traction in the AI revolution.
Palo Alto is mentioned alongside CrowdStrike as a leader in cybersecurity, benefiting from increasing surface area and use cases.
CrowdStrike, which hit a new high, is mentioned as a leader in cybersecurity with potential for doubled budgets over the next two to three years.
Adobe is mentioned as a company that is starting to show separation in the market, implying it is a potential winner in the evolving software landscape.
Workday is highlighted as a key enterprise name in HR software management, with Silver Lake reportedly showing interest, suggesting potential value and a floor for similar software names.
Microsoft is mentioned as a company that has provided validation to tech investors, particularly in the context of AI monetization.