The “Saaspocalypse” has rocked the software-as-a-service (SaaS) sector, leading to significant sell-offs in tech stocks as investor sentiment turned against the perceived threat of artificial intelligence (AI). Goldman Sachs CEO David Solomon characterized the reaction as overly broad, suggesting that while AI will disrupt some businesses, many will adapt and thrive. This creates a unique buying opportunity for investors looking to capitalize on undervalued stocks.
Figma and Atlassian are two companies poised for recovery. Figma’s sales surged 41% year-over-year to $1.1 billion in 2025, and its integration of AI capabilities is expected to drive further growth, with forecasts of $1.4 billion in 2026. Similarly, Atlassian’s fiscal Q3 results showed a 32% revenue increase to $1.8 billion, despite initial fears of user attrition due to AI. Both companies are leveraging AI to create new revenue streams, evidenced by growing AI credit usage.
Investors should consider Figma and Atlassian as attractive buying opportunities amid the current market downturn. With their strong fundamentals and potential for growth, both stocks are well-positioned to rebound, making them compelling additions for portfolios focused on tech and innovation.
Source: fool.com