Feb. 4 at 5:19 PM
This sell off appears to be largely overspill from the wrought in software stocks, unless others want to point to a better rationale. I have worked across BI, Tech/Software consulting and DevOps consulting over the last 5 years now. I’ve directly worked on and configured many of these enterprise softwares in question. The notion that ‘AI’ can just wholly replace all these platforms, is ABSURD. These are highly specialized and secure platforms that have to be customized to fit business’s exact workflows/processes. They must be highly governed and are often layered with many modules depending on the company. Will AI enhance these platforms? Absolutely. Will it just replace them all? No, and that doesn’t even make sense.
Here’s Jeffries thoughts on the recent software sell off and an anticipated rebound attached from note released 1 hr ago. JMO (and Jeffries)
$AMPX $DNN $EOSE $FLNC $IREN