Oracle jumps 11% premarket as AI demand challenges 'SaaS apocalypse' fears

Oracle shares surged by 11% in premarket trading today, driven by strong demand for artificial intelligence (AI) solutions, which seems to counteract the prevailing concerns regarding the so-called 'SaaS apocalypse'—the idea that traditional software-as-a-service companies could face significant declines due to evolving technological landscapes and competitive pressures. This optimistic shift highlights investor confidence in Oracle’s ability to adapt and thrive in a rapidly changing market, particularly as businesses increasingly seek AI-driven innovations to enhance their operations. source: https://www.coindesk.com/markets/2026/03/11/oracle-jumps-11-premarket-as-ai-demand-challenges-saas-apocalypse-fears