An analyst from Macquarie is not buying into narratives that the software industry faces existential risks, despite recent AI-fueled sell-offs dubbed 'SaaS-pocalyspe' or 'Software-mageddon'. The broader market, including tech stocks, is falling due to AI uncertainties and disappointing earnings from key players like Nvidia. The sell-off has been exacerbated by investor anxiety labeled 'AI derangement syndrome' and layoffs at companies like Block, impacting major software names.