|
Feb 18
|
|
$176.08
$176.08
+0.0%
|
LONG
|
Gil Luria
Technology Strategist at D.A. Davidson
|
Software stocks have underperformed the broader market by the widest margin since 2000. Luria notes MSFT, NOW, SNOW, and DDOG are trading at attractive valuations relative to growth. Newman highlights CRM and NOW are proving AI is an accelerator, not a displacer. The market is pricing in "obsolescence risk" (AI replacing software), but the counter-narrative is that AI is a "labor enhancer." These companies provide the essential infrastructure for AI (MSFT/SNOW) or the "rules and rails" of business (CRM/NOW) that cannot be easily replaced by LLMs. LONG. The sell-off is a tactical opportunity to buy high-quality compounders at depressed multiples. If "Agentic AI" actually begins replacing seat-based SaaS licenses faster than anticipated. |
Bloomberg Markets
Bloomberg Surveillance 2/18/2026
|
|
Feb 17
|
|
$177.10
$176.08
-0.6%
|
N/A
|
Finnhub News
|
— |
Finnhub - SNOW
What Analysts Are Saying About Snowflake Stoc...
|
|
Feb 17
|
|
$177.10
$176.08
-0.6%
|
N/A
|
Finnhub News
|
— |
Finnhub - SNOW
Mizuho Maintains Outperform on Snowflake, Low...
|
|
Feb 14
|
|
$182.29
$176.08
-3.4%
|
NEUTRAL
|
Finnhub News
|
Snowflake is valued as a growth company but currently lacks market momentum. |
Finnhub - SNOW
Snowflake: Transition Story Priced As Growth,...
|
|
Feb 14
|
|
$182.29
$176.08
-3.4%
|
LONG
|
Finnhub News
|
Snowflake has been upgraded, moving from overhyped to fairly valued, despite remaining challenges. |
Finnhub - SNOW
Snowflake: From Overhyped To Fairly Valued - ...
|
|
Feb 13
|
|
$182.29
$176.08
-3.4%
|
LONG
|
Finnhub News
|
Amy Raskin publicly disclosed increasing her investment in Snowflake. |
Finnhub - SNOW
Live On CNBC, Amy Raskin Announces Bought Mor...
|
|
Feb 11
|
|
$178.83
$176.08
-1.5%
|
LONG
|
Dan Ives
Star Analyst at Wedbush
|
Ives calls the current software selloff the "most head scratching sell off... I've ever seen." He explicitly names ServiceNow (NOW), Mongo (MDB), Snowflake (SNOW), and Palantir (PLTR) as companies that will play "instrumental roles." The market fears AI (like Anthropic) will replace software (the "Sasspocalypse"). However, Ives argues the opposite: AI requires vast data and security infrastructure to function in enterprise. Therefore, these incumbents with "decades of data" will integrate AI to become incrementally bigger, making the current dip a "golden buying opportunity." LONG these specific software names as the "hearts and lungs" of AI use cases. AI startups (like the tax strategy example mentioned) successfully disrupting legacy pricing models faster than incumbents can adapt. |
Bloomberg Markets
Ives Still Sees Big Winners Despite Software ...
|
|
Feb 11
|
|
$178.83
$176.08
-1.5%
|
N/A
|
Finnhub News
|
— |
Finnhub - SNOW
Goldman Sachs Maintains Buy on Snowflake, Low...
|
|
Feb 11
|
|
$178.83
$176.08
-1.5%
|
N/A
|
Finnhub News
|
— |
Finnhub - SNOW
Wolfspeed Expands Use Of Snowflake For Produc...
|
|
Feb 09
|
|
$175.95
$176.08
+0.1%
|
LONG
|
Dan Ives
Star Analyst at Wedbush
|
These companies represent the next wave of AI "use cases" following the hardware build-out. Ives lists these names as the leaders in the software phase of AI, following the initial GPU/Data Center phase. As the AI build-out progresses from buying chips to actually using applications, data analytics and management platforms become critical. He sees the wave moving from Palantir (PLTR) to Snowflake (SNOW) and MongoDB (MDB). N/A (General sector rotation thesis). High valuation multiples compared to legacy software. |
CNBC
Dan Ives: Software will be the heart and lung...
|