amit
2026.01.16 18:18

pretty incredible how software continues to get hit

these companies are producing incredible amounts of cash flow but the fears of 2 things seem to be creating an issue:

1) AI making their core workflows irrelevant, aka what Claude CoWork introduced this week

2) These companies claiming AI is a tailwind for them but still only growing at 10% like $Salesforce(CRM.US) and $Adobe(ADBE.US)

at what point does the market say they don't need to grow as fast as the semis because their core businesses are fine or is the software overhang something we see for the rest of the year?

$iShares Expanded Tech Software Sector ETF(IGV.US) down 10% over the past few months

Source: amit

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