Mar. 21 at 2:55 PM
🚨 Software Moats Just Got ShAVED by AI FEARS — Morningstar just downgraded economic moats on major software kings like
$NOW,
$ADBE &
$ORCL as AI uncertainty explodes. They’re basically saying “traditional software w/ licensing models might not generate decade‑beating returns anymore.”
👉If this is helpful to you, tap @NasdaqKnight
Current pain on the boards:
•
$NOW (ServiceNow) is struggling around ~
$110–
$115 range, far below recent highs and lagging peers.
•
$ADBE (Adobe) just hit a multi‑year low ~
$246, with AI disruption narrative hammering sentiment.
•
$ORCL (Oracle) trading ~
$149, still down from recent levels and now priced like AI risk > AI reward.
Market vibe: The AI fear trade is turning value names into value traps — not because fundamentals suddenly collapsed, but because models failed to price AI risk properly. Now the old wide moats look narrow, uncertainty is sky‑high, and investors are rethinking software’s future.
