TLDR
The author argues that recent sharp declines in software stocks were driven by a technical, reflexive feedback loop linked to their private credit/debt, but believes this pressure is temporary. He has expanded his analysis to include payment stocks and identifies one unnamed company ranking highly in his universe based on compensation, AI competitiveness, and earnings valuation.
The author argues that recent sharp declines in software stocks were driven by a technical, reflexive feedback loop linked to their private credit/debt, but believes this pressure is temporary. He has expanded his analysis to include payment stocks and identifies one unnamed company ranking highly in his universe based on compensation, AI competitiveness, and earnings valuation.