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 

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 

OpenAI and Anthropic will eat Snowflake's and Databricks' business. Both cloud data platforms are cooked. x.com 

Software incumbents like monday.com and CrowdStrike should hold their ground because companies will lean on existing software to integrate AI rather than rip it out. Token shortages make AI hardly usable without top-dollar spend, so firms with no business vibe-coding will use software they already pay for, which can scale to get cheaper tokens. No CEO will risk their job, and no CTO will ask the board to scrap a costly software investment. The market won't go much higher without software. x.com  … Show more

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 

Software companies face a multi-year repricing because AI has removed the scarcity that made software valuable. For 20 years building software required engineers, letting SaaS firms charge monthly fees forever; when anyone can build a working product in a weekend with Claude, software stops being the moat. Atlassian is down 75%, HubSpot 69% and Figma 86%, and layoffs show headcount no longer scales with output. Survivors will be those with distribution, data and trust underneath. x.com 

Software is flexing its muscles, showing AI is not killing the sector. Twilio, Atlassian, Cloudflare and JFrog all showed better-than-expected fundamental strength, setting software up for a strong session. x.com  x.com 

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 

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 

Snowflake is evolving from a cloud data warehouse into the default data and AI control plane for large enterprises, an inflection the market misses by treating it as a maturing former hypergrowth name. The shift shows in customer commitments, workload expansion and platform centrality, supporting a credible path to $500. @buccocapital notes a customer rebuilt Gainsight on Snowflake in five hours, suggesting it may be the assailant in the SaaSpocalypse rather than a victim. x.com  x.com