While the Nasdaq 100 gained roughly 20% through 2025, the Morgan Stanley SaaS Index fell by nearly the same amount, a gap that has only widened so far in 2026.
The article contrasts the strong performance of the Nasdaq 100 with the significant decline of the SaaS sector, highlighting a widening market gap driven by the rise of AI agents.
ExoBrain

While the Nasdaq 100 gained roughly 20% through 2025, the Morgan Stanley SaaS Index fell by nearly the same amount, a gap that has only widened so far in 2026.
Stay up to date with AI. Get analysis of the week's most important stories, plus a focused roundup across business, governance, research and infrastructure.