AWS CEO: SaaS Selloff Overblown Amid AI Disruption
ByAinvest
Friday, Feb 13, 2026 6:31 am ET1min read
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Amazon Web Services (AWS) CEO Matt Garman has called the recent selloff in SaaS stocks overblown, despite AI's disruptive impact on the industry. Garman believes established software providers still hold a strong position, especially those that run core systems of record and utilize AWS infrastructure. Companies like ServiceNow, Adobe, and Intuit have fallen despite delivering strong growth, with some analysts calling the "SaaS apocalypse" narrative misguided.
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