Michael Chae 1.0 1 idea

Blackstone's CFO notes that trading against the software sector has been "indiscriminate" and "very technical." When an entire sector is sold off without regard for individual company quality ("indiscriminate"), it typically signals a sentiment bottom where prices have detached from fundamentals. Long high-quality software names that were caught in the basket selling. AI disruption is a real, non-zero risk for legacy "system of record" software companies.