Deutsche Bank: SaaSpocalypse Is Over — GenAI Resilience Scorecard Names CRM, INTU, NOW as Compelling Buys at Historic Discount

Inc.·high signal

Deutsche Bank issued a strategy note declaring AI disruption worries have peaked, stating they 'surveyed various experts, generalists, Gemini, ChatGPT and Claude' and found zero software companies expecting negative revenue from AI in 2026. Their GenAI resilience scorecard identifies Salesforce (CRM), Intuit (INTU), ServiceNow (NOW), and Clarivate (CLBT) as buys using GAAP EPS/FCF metrics, with forward earnings multiples collapsed from 39x to 21x — less than half the decade average. Hedge funds are reportedly growing more eager about SaaS investments at these depressed levels.