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Arguably the most bearish forecast on markets this year has been that artificial intelligence will render software stocks fossils. The "vibe coding" enabled by tools like Anthropic's Claude Code and OpenAI's Codex, this view holds, will serve as a metaphorical asteroid to the digital dinosaurs about to be wiped out in a SaaSpocalypse.
Guggenheim ***** yst John DiFucci argued Wednesday that, like a chatbot's misfired answer, this pessimistic view is "a hallucination." Software firms, he said, are "one of the best opportunities for patient investors" and, at least for a day, investors came around to the idea that the prevailing sentiment might be overblown.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: New Fed Chair Noncommittal on Interest Rates, Emphatic on Central Bank Independence and Budget-Conscious Shoppers Splurge on General Mills' Cat Treats While Skipping Cereal
Arguably the most bearish forecast on markets this year has been that artificial intelligence will render software stocks fossils. The "vibe coding" enabled by tools like Anthropic's Claude Code and OpenAI's Codex, this view holds, will serve as a metaphorical asteroid to the digital dinosaurs about to be wiped out in a SaaSpocalypse.
Guggenheim ***** yst John DiFucci argued Wednesday that, like a chatbot's misfired answer, this pessimistic view is "a hallucination." Software firms, he said, are "one of the best opportunities for patient investors" and, at least for a day, investors came around to the idea that the prevailing sentiment might be overblown.
Sign up for The Daily Upside at no cost for premium ***** ysis on all your favorite stocks.
READ ALSO: New Fed Chair Noncommittal on Interest Rates, Emphatic on Central Bank Independence and Budget-Conscious Shoppers Splurge on General Mills' Cat Treats While Skipping Cereal
1 month ago
