Wall Street Analysts Tom Lee and Dan Ives Disagree on Software "Armageddon": One Says "Buy" While the Other Says "Layoffs Are Coming." Who Is Right?

What's interesting is that this AI wave is so rapid, and the software stocks have declined so much, that even the more bullish tech analysts on Wall Street are divided. Fundstrat's Tom Lee recently said in an interview that "it's not lost on the Fed that AI is wreaking havoc across software now, and that means that job losses are soon to follow." Of note, Lee has been one of the more bullish analysts on Wall Street, especially when it comes to tech.This is just one of many rapid improvements Anthropic and o ...