SaaS Stocks Just Exploded. Here's What I'm Actually Doing

Couch Investor•Jun 1, 2026

Summary

Couch Investor presents a thesis that the 'SaaS apocalypse' was largely a sentiment-driven downturn rather than a fundamental business failure. He highlights that software and cybersecurity names have seen aggressive reversals recently, with many stocks up significantly from their bottoms. The author emphasizes that market correlation is at record lows, suggesting that individual stock picking is now more effective than broad index investing.

A significant portion of the video is dedicated to the AI infrastructure build-out. Couch Investor discusses the potential for large language models (LLMs) to become commodities, which would shift the competitive advantage to companies with massive distribution networks and established user bases. He also addresses concerns about the high capital expenditure required for AI data centers, noting that while the build-out is massive, the long-term returns for companies with integrated ecosystems will likely justify the costs.

Meta (META): Couch Investor views Meta as the most undervalued major tech company currently available. He expresses a willingness to accumulate more shares at the $600 price level, noting that its valuation is attractive compared to private market valuations of companies like SpaceX. He believes Meta's ecosystem and distribution make it a primary beneficiary of AI integration.

Palantir (PLTR): The author highlights Palantir's exceptional financial profile, specifically its high gross margins and rapidly expanding operating margins. He explains that the stock trades at a premium because it does not require heavy capital expenditure for data centers while maintaining high growth. He views it as a top-tier performer in the enterprise AI space.

Salesforce (CRM): Salesforce is described as being historically cheap compared to its three-year average valuation metrics. While growth has slowed compared to some high-flying peers, Couch Investor points to its high profitability and free cash flow. The market is currently waiting to see the impact of its 'Agent Force' AI initiative before a potential re-rating.

Summary

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