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Feb 06
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AVOID
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Deirdre Bosa
Anchor/Reporter, CNBC Tech Check
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Software stocks are described as being in "freefall." The market believes AI technology has become so advanced that it will "eat these companies alive." If AI can automate the tasks that SaaS platforms currently perform, these companies face an existential threat of obsolescence. The segment highlights the sharp sell-off in this sector specifically due to the "AI destroys SaaS" narrative. The market may be overestimating how quickly AI can fully replace complex enterprise software suites. |
CNBC
The market's AI contradictions
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