SaaS Sector

Dassault Systèmes’ shares plummeted 21% on Wednesday, marking a potential record worst trading day. The sharp decline followed fourth-quarter earnings that missed revenue expectations, with software revenue dipping 5%. Despite CEO Pascal Daloz’s optimistic outlook on “Industrial AI transformation,” the sell-off reflects broader market anxieties within the SaaS sector amid rapid AI advancements and a general skepticism towards high-flying software stocks.