SoundHound AI faces massive dilution because it is burning cash heavily with only about a year of runway and is nowhere near profitability. It trades at about 16x sales with a 41% short float, and is unlikely to trade above $20 for years without something extraordinary. x.com 

Workday looks undervalued, with multiple valuation models putting intrinsic value near $165, a 15-16% discount, despite fears that AI will disrupt SaaS and weak enterprise software guidance from IBM. Its AI agents run at enterprise scale for over 4,000 clients, its 12-month subscription backlog grew more than 15%, and non-GAAP operating margin widened to 31.8% as management raised full-year profit guidance. x.com 

SoundHound AI's growth and stock price have disconnected, and that kind of gap doesn't usually last: either growth slows or the stock catches up. It builds voice AI that lets people talk naturally to cars, restaurants and customer service systems. Revenue is up 54% year over year, yet the stock is down 35% this year and 70% below its peak, with the average analyst target nearly double the current price. x.com 

Microsoft faces AI disruption that could erode its software moat and compress its high multiple. Chris Hohn, the best stock picker ever and not one to move lightly, cut Microsoft from 10% to 1% of his portfolio, about $8 billion, citing AI disruption. The question that matters is whether a business can be disrupted: when code becomes a commodity the moat erodes, and multiple compression from a high base does severe damage. x.com 

ServiceNow's growth looks likely to keep slowing, yet it trades at 50x 2027 GAAP EPS versus 20-25x for Microsoft, Google and Amazon growing as fast or faster. Subscription revenue grew about 21%, but the customer base is flat, so growth relies on upselling modules. Operating margin dipped and stock-based pay rose. Customers are mixed on its AI products and delay over price. Big SaaS firms near 20% growth often slide faster than expected, and its long-term targets look hard to reach. x.com  x.com 

SoundHound AI is growing quickly in voice and agentic AI across automotive, hospitality and enterprise. Q1 2026 revenue rose 52% to $44.2M, with core vertical growth of 88% excluding acquisitions, and it holds $216M of cash with zero debt. Full-year guidance is $225M-260M, and its LivePerson acquisition unlocks a $500M combined revenue opportunity. x.com 

ServiceNow's 66% stock decline is a warning, not a value opportunity, because the market is discounting AI collapsing the cost of the software it sells. Its revenue grew from $0.2 billion to $4.0 billion a quarter since 2015, a 28.8% compound rate across 44 straight rising quarters, and operations are flawless. But a flawless past is no promise about the future, and when fundamentals and the chart disagree this violently, the chart has the better track record. x.com 

Hyperscalers look positioned to capture value from other industries in the agentic era. Amazon, Microsoft, Meta and Alphabet are all well positioned and proactive, with a good chance they all extract value from other markets, so no loser among them is clear yet. Businesses relying on convenience or brand, or charging high fees or interest such as banks and card issuers, must trade margin for volume. Alphabet has the largest agentic distribution, from Search and Android to Gemini. x.com 

SoundHound AI's stacked January options chain points to a reversal soon despite the steep selloff. Earnings had better be fantastic. x.com 

monday.com is priced as if growth will soon turn negative, which is far from certain, at 1.1x 2027 EV/sales and 9x 2027 EV/FCF excluding SBC. It still grows in the high teens with 110% net dollar retention and just bought back a lot of stock. AI clearly threatens its UI/UX edge, but its AI features, integrations and security and governance may be hard for purely agentic tools to replicate; shorts seem to be pressing. x.com  x.com