Jul 13, 2026 · 11:33 PM
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Steve Klinsky Says Wall Street Is Overreacting to the AI SaaS Panic
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Steve Klinsky Says Wall Street Is Overreacting to the AI SaaS Panic
New Mountain Capital's Steve Klinsky is pushing back on the SaaSpocalypse narrative, arguing AI's disruption of SaaS will be slower and narrower than public markets are pricing in. His case echoes Marc Benioff's, but a fresh trillion-dollar chip stock selloff and a skeptical Bloomberg Opinion column show the market isn't convinced yet.
Dave Barr
5 min read
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