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Is the selloff in software stocks warranted or overdone?

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howardlindzon
it’s not overdone for all but overdone for some
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kylem_
59% long investors and 26% shorts 😂
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TheDangerZone
wildly overdone. Disruptive technology is always predicted to “kill” something just like ChatGPT “killing” Google in 2022. Netflix was supposed to destroy Comcast and other traditional cable providers. AI is accelerating because of companies like ServiceNow. Anthropic and OpenAI also have no desire to be software companies. They would rather have partner companies like ServiceNow and UiPath expand model use.
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Binge_Thinker
Bearish
software companies have over invested in AI and weaponized AI against the people. This will result in a huge backlash and huge legal costs for the software companies. I would look for companies that will profit from the backlash.
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Cashmonie
software will almost always be the most profitable product for tech companies. Then services z- then hardware (lowest profit) ….
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Whtmtn
way overdone given stability and growth of software cos. They will incorporate ai.
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zonties
It may be overdone or it may not be, its too early. Anthropic vs palantir seems more of an issue than servicenkw, seperate business model. People are likely overestimating how much Ai can replace work. It Still can't reason or use logic... Only via brute force
YourBigBrother
Bearish
Not overdone, their models are expensive and membership only accounts. They got high P/E's. Downside is still work in progress SNOW, NOW, CRM, PLTR.
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JoeB07
just wait for the revenue corrections coming in next Qs earnings. It’s going to be an epic catastrophe.
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