智通财经网·2026-02-06 03:44Core Viewpoint - The rapid development of artificial intelligence has led to a panic in the market, causing significant sell-offs in the software sector of the U.S. stock market, while some analysts still see investment opportunities amidst the turmoil [1][2]. Group 1: Market Reactions and Predictions - Analysts from Wedbush Securities predict that 2023 will be a breakthrough year for Apple (AAPL.US), with AI potentially increasing the company's per-share valuation by $75 to $100 [1]. - KKM Financial's CEO Jeff Kilburg notes that investors are shifting from previously successful stocks like Nvidia (NVDA.US) and Meta (META.US) to underperformers like Apple and Alphabet (GOOGL.US), which provided buying opportunities during a low period last April [1]. - Kilburg expresses strong optimism for Alphabet, highlighting that the company's revenue has surpassed $400 billion for the first time and that the efficiency of the Google Gemini platform has improved significantly, processing 10 billion tokens per minute with service costs down 78% over the past year [2]. Group 2: Analyst Insights on Software and Cryptocurrency - Despite the widespread sell-off described by Ives as a "software apocalypse," both analysts see this as a buying opportunity for oversold stocks like Salesforce (CRM.US), CrowdStrike (CRWD.US), Microsoft (MSFT.US), Oracle (ORCL.US), and ServiceNow (NOW.US) [2]. - Ives characterizes the current market as a "digestive period," suggesting that the indiscriminate selling presents significant opportunities for investors willing to endure market volatility [3]. - Goldman Sachs analysts, led by Alexander Blostein, indicate that concerns about AI's impact on the software industry are ongoing, affecting alternative asset management firms and direct lending institutions [3]. Group 3: Performance of Alternative Asset Management Firms - The VanEck Alternative Asset Management ETF (GPZ) has dropped 14% over the past month, while the S&P 500 index has only decreased by 0.8% during the same period [3]. - Goldman Sachs reports that the significant sell-off in alternative asset management firms is primarily due to investor concerns regarding their exposure to software in private equity and private credit, which could impact growth if investment performance deteriorates [3]. - The report suggests that alternative asset management firms have relatively small software exposure at the corporate level, with software in private equity accounting for about 5% of total management fees [3]. Group 4: Company-Specific Exposure to Software Risks - Companies like TPG (TPG.US) and KKR (KKR.US) have a higher exposure in private equity, with their management fees from the software sector reaching single-digit percentages [4]. - Blue Owl (OWL.US) and Ares Management (ARES.US) have significant exposure in private credit, with management fees from software accounting for 13% and 8%, respectively [4]. - Goldman Sachs estimates that firms like Carlyle Group (CG.US), Apollo Global Management (APO.US), and Brookfield Asset Management (BAM.US) have the least risk exposure to software investments [4].