The AI coding boom hits software

Watch on YouTube ↗  |  January 15, 2026 at 20:06  |  6:40  |  CNBC
Speakers
Aaron Levie — CEO of Box
Deirdre Bosa — Anchor/Reporter, CNBC Tech Check
Kelly — Host

Summary

Box CEO Aaron Levie joins CNBC to discuss the selloff in software stocks and the impact of AI agents on enterprise software. He argues AI will not replace core systems of record; instead, agents need context inside existing software and data, benefiting incumbent platforms that can monetize them. Levie highlights Box's large document repository as a natural place for agents to operate. Hosts also raise concerns about AI coding disruption and Salesforce's flat performance.

  • Software stocks have had an ugly start to the year amid AI disruption fears.
  • Aaron Levie says AI agents need context that lives in enterprise software and data.
  • He expects core systems of record like CRM, ERP, and document management to remain critical.
  • Incumbent software platforms with the right data and workflows are positioned to monetize agents.
  • Levie says Box stores hundreds of billions of documents and is a natural agent platform.
  • He cautions that not all SaaS platforms will benefit equally.
  • Hosts discuss Salesforce's flat performance since joining the Dow and AI coding threats.
Ideas
Aaron Levie CEO of Box 0:50
AI agents boost incumbent enterprise software.
AI agents will not replace core systems of record such as CRM, ERP, and document management platforms because companies want to focus on their core competencies rather than rebuild critical IT systems. Instead, agents need context that resides inside enterprise software and data, so incumbent enterprise software platforms with the right data and workflows are in pole position to monetize agents, making AI a major boon for enterprise software.
IGV SAAS HIGH
Aaron Levie CEO of Box 4:07
Box is natural AI agent platform.
Box is well positioned for the AI agent era because it stores hundreds of billions of documents containing valuable intelligence for customers, making it a natural platform for agents to operate on that data with guardrails.
BOX HIGH
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This CNBC video, published January 15, 2026, features Aaron Levie discussing IGV, SAAS, BOX. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Aaron Levie  · Tickers: IGV, SAAS, BOX