Wall Street Is Down on Software Stocks. This Expert Says That's 'Absolutely Wrong'

Key Takeaways Anxious software investors worry that artificial intelligence is disrupting the multi-trillion dollar industry. One veteran tech investor says those concerns are misplaced. Orlando Bravo, founder and managing partner of tech-focused private equity firm Thoma Bravo, on Wednesday called the narrative that AI is going to eat software "absolutely wrong,†in an interview with CNBC. The reason: They know what the companies and industries they serve need to succeed—and are still positioned to deliver ...