No qualifying author-owned investment thesis was confirmed in this post.
no investment thesis
Score5
Comments35
▶ Full Post Text
I was thinking about buying the dip as the technical analysis on many of these charts looks great right now.
They are implementing AI themselves and probably have a moat to sustain other AI-competitors at least in the short term.
But then I thought about that I believe we will go through a challenging time when many jobs get automated away, before new jobs are created. I see it in my own field and those of my close friends (communication, branding, copywriting, business strategy, tech, law). It is like the invisible hand sweeping through the work force.
That drop in human workers will likely affect these companies. Buying the dip is awesome but perhaps not in the middle of a huge transition into the AI economy.
What are your thoughts and is there any of the software companies you think will be immune to this?