The ‘smart money’ fled software stocks after that viral AI doomsday report. Here’s where it’s going.

There’s also SaaS (software as a service) pricing power. Van Geelen tells a story about OpenAI’s forward-deployed engineers being used as procurement leverage to extract 30% discounts from software vendors. When your customer’s AI vendor helps it negotiate against you, your pricing power isn’t eroding. It’s being actively demolished.Start with white-collar employment. Information-worker jobs are already down roughly 8% from their 2023 peak. Big Tech has been executing round after round of layoffs while repo ...