Stocks Rose to New-High: Why SaaS is to benefit from AI-wave?
@Tiger_Earnings:
Following our review of All-time-high stocks in Consumer Discretionary, some SaaS companies are reaching to a new high In Q1. $ServiceNow(NOW)$ rose to a new high of $548.18 on 2nd June; $Salesforce.com(CRM)$ rose to a new high of $225 on 31st May; $Adobe(ADBE)$ rose to a new high of $438.53 on 2nd June; $Veeva(VEEV)$ rose to a new high of $200.44 on 2nd June.Most earnings beat estimates and continued to rise after the earnings. Among them, $Veeva(VEEV)$ released earnings on 31st May and rose 20% on the earnings.Some SaaS companies missed estimates in Q1, but s