Zeta Global, ServiceNow, Datadog and CrowdStrike look increasingly attractive among software names as AI disrupts applications: businesses with proprietary data that build on AI and deliver intelligence and measurable outcomes could win. Cybersecurity valuations remain a concern. x.com 

Usage-driven AI stocks are less exposed to frontier-model companies as the AI trade separates winners from losers. All rose, all will fall, and only some will recover; favor usage-driven over frontier-biased stocks. DigitalOcean is GAAP profitable; its token usage is a nonlinear revenue proxy. SiTime is GAAP profitable; robotics, defense and self-driving are each growing 50% year over year. CrowdStrike and Rubrik also do not rely on frontier models, though valuation is a concern. x.com  x.com 

CrowdStrike is not worth buying at 40x revenue, and there are very few plausible scenarios in which it is ever worth that multiple. AI is not overhyped, but the argument that massive tech disruption justifies the price echoes 2021, when Covid was said to be changing how people worked. As in 300 years of technological change, there are likely far fewer losers than expected. x.com  x.com 

The death of software was greatly exaggerated: companies are building AI into their own products and making them more valuable, so major platforms like ServiceNow, Salesforce and CrowdStrike aren't going away. Smaller niche players may struggle, but the market may have been far too bearish on software, and Anthropic's IPO won't change that. From their 2026 lows, ServiceNow is up 84%, Salesforce 83% and CrowdStrike 173%. x.com 

The 'SaaSpocalypse' narrative is wrong because AI makes replacing enterprise software more expensive, not cheaper, leaving beaten-down SaaS stocks at once-in-a-lifetime entry levels. Replicating ServiceNow would take some 40,000 engineers to match 20 years of code, and even AI coding would raise costs, since tokens are not free and model labs lack the capacity to be enterprises' database layer. LLMs are pattern recognizers that can fail catastrophically on new problems. x.com  x.com 

Security software is arguably more of an AI bubble than semiconductors. Firms are bid up to nosebleed multiples on moderate AI-related revenue acceleration while facing medium- to long-term risks from Microsoft, Google and the AI labs and a 10-year Treasury yield above 5%. Their forward P/Es rest on non-GAAP earnings that exclude large stock compensation. A reversal could come from results missing high buy-side bars, security share gains by Microsoft or Google, or AI lab security launches. x.com  … Show more

These picks ride AI demand and digital scale. Reddit licenses conversation data to AI firms; Upstart supplies AI lending; Nu leads Latin American banking; Uber's autonomous-vehicle play is overlooked. Talen sells AI data-center power at premium rates; Dell ships AI servers; Microsoft pairs Azure with OpenAI. CrowdStrike secures enterprises; Duolingo expands its most-downloaded language app into math and music; Mastercard, one of two global card networks, takes a cut of trillions in payments. … Show more

AI-using software platforms such as Datadog, Snowflake, JFrog and CrowdStrike are still winning and should never have been caught in the SaaS selloff. The damage has mostly hit legacy application-software names. x.com 

CrowdStrike's AI risk is limited but real, because it is tied to white-collar workers and their devices. A prolonged fall in white-collar employment could cut Falcon agents deployed, and an advanced AI that clearly solved big parts of cybersecurity could squeeze budgets. Against that, its core has been machine learning from day one, and AI raises security spending as attackers use it; its CEO says Charlotte usage rose over 6x. It trades at 21x EV/ARR with ARR up 24% and 0% GAAP operating margin. … Show more

CrowdStrike and Palo Alto Networks stand out as AI cyber winners, and the cybersecurity sector is way oversold for the names that will emerge as ultimate winners of the AI arms race. Customer feedback from the RSA Security Conference makes the 'AI Ghost Trade' overhang on cyber one of the most disconnected tech narratives on the Street. AI will disrupt some areas of software, but cybersecurity sits front and center in the tidal wave of AI spending. x.com  x.com  x.com  x.com