Data Bricks just announcing a new $5 billion funding round at a 134 billion valuation making it now the fifth largest private company in the US. Our DOSA has more on the numbers in today's tech check. Morning D. >> Hey, good morning Carl.So Data Bricks, if you're not familiar, it's the plumbing behind the AI economy. It takes the messy data inside the world's biggest companies and makes it usable for AI. Its financials, they underpin the latest round that they shared with us, $5.4% 4 billion in revenue run ...

Investor sentiment toward software stocks is low, and now Workday is replacing a CEO who was known for having good sales relationships. ...

阿尼尔・布斯里 企业软件公司 Workday 周一宣布，首席执行官卡尔・埃申巴赫卸任，由公司联合创始人阿尼尔・布斯 里接任，即刻生效。 布斯里曾在该软件公司担任多个高管职务：2009 年至 2014 年任联合首席执行官，2014 年至 2020 年任 首席执行官，2020 年至 2024 年再次担任联合首席执行官，2024 年至 2026 年任执行董事长。 埃申巴赫于 2022 年与布斯里共同担任 Workday 联合首席执行官，并于 2024 年开始单独担任首席执行 官一职。 近几个月来，包括 Workday 在内的软件股持续承压，因投资者担忧人工智能可能对行业造成颠覆性冲 击。Workday 股价去年下跌 17%，今年以来已下跌超 20%。 周一当天，该公司股价下跌 5%。 核心要点 布斯里在声明中表示： "我们正步入公司历史上最关键的时期之一。人工智能带来的变革比软件即服务（SaaS）更为深远，它 将定义下一代市场领导者。" Salesforce、甲骨文、微软等均为主要的软件即服务企业。 上月，埃申巴赫曾试图淡化市场对人工智能冲击软件行业的担忧，他对 CNBC 表示，相关说法 "被夸大 了" 且 "并不 ...

Workday announced co-founder Aneel Bhusri is returning to head the software company, replacing chief executive officer Carl Eschenbach after the company’s shares have plummeted over the past year https://t.co/j8jQXcB0lD ...

Workday on Monday announced that CEO Carl Eschenbach is stepping down from his role and will be replaced by the company's co-founder, Aneel Bhusri, effective immediately.Bhusri has previously held a range of leadership roles at the software maker, serving as co-CEO from 2009 to 2014, CEO from 2014 to 2020, co-CEO from 2020 to 2024 and executive chair from 2024 to 2026. Eschenbach was named co-CEO of Workday alongside Bhusri in 2022, and took on the top job solo in 2024. Software stocks, including Workday, h ...

Like many software companies, shares of Workday ( WDAY ) have been pummeled - the stock has declined 25% year-to-date (and it is only February!), is down 41% over the past year, and is down 48% from its all-time high in early 2024. IAnalyst’s Disclosure: I/we have a beneficial long position in the shares of WDAY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). ...

Core Viewpoint - Workday's stock has experienced significant declines, with a 25% drop year-to-date, a 41% decrease over the past year, and a 48% fall from its all-time high in early 2024 [1] Group 1 - Workday's shares have been negatively impacted like many software companies [1] - The stock is currently down 25% year-to-date and 41% over the past year [1] - The decline from its all-time high in early 2024 is 48% [1]

Leadership Transition - Workday co-founder Aneel Bhusri is returning as CEO, succeeding Carl Eschenbach, who is stepping down after leading the company through a period of global growth and operational discipline [1][2] - Eschenbach will continue to support the company as a strategic advisor to the CEO [1][2] - The leadership change is effective immediately as the company begins its fiscal year 2027 [2] Company Outlook - Workday expects its fiscal 2026 fourth quarter and full-year financial results to align with previous guidance, with the exception of its GAAP operating margin [3][4] - The company is scheduled to report its fiscal 2026 fourth quarter and full-year financial results on February 24, 2026 [4] Company Profile - Workday is an enterprise AI platform that integrates HR and finance, serving over 11,000 organizations globally, including more than 65% of the Fortune 500 [5]

Core Insights - The software sector is experiencing a significant sell-off, termed "SaaSpocalypse," with major companies like Thomson Reuters and Salesforce facing steep declines in stock prices, with the S&P 500 Software and Services Index dropping nearly 13% over five trading days and 26% from its October peak [1] - The launch of Anthropic's Claude Cowork, a general AI agent capable of interacting with user files, has raised concerns about the viability of traditional SaaS business models, as users may achieve results comparable to expensive enterprise software through natural language commands [1] - The current market panic mirrors a previous incident involving DeepSeek, which also caused a rapid sell-off in tech stocks, highlighting a pattern of investor reaction to emerging AI technologies [2][3] Market Reactions - The sell-off triggered by Cowork has been more prolonged than the DeepSeek panic, with the latter's effects dissipating within a day, while Cowork's impact has spread over a week, affecting markets globally [5] - The Cowork panic is driven by a closed-source model from a U.S. company, contrasting with DeepSeek's open-source model from China, suggesting a deeper challenge to established software companies [4] SaaS Pricing Models - Traditional SaaS companies are transitioning from fixed pricing models to usage-based pricing due to the increased efficiency and accessibility of AI, with 79 out of 500 tracked companies adopting point-based pricing, a 126% increase year-on-year [8] - Companies like Salesforce have struggled with pricing strategies, leading to a shift towards usage-based models as they face rising operational costs [8] AI Integration Challenges - Traditional software companies face resistance to price increases associated with AI integration, as seen in Microsoft's case, where customers rejected higher fees for AI features [9] - Many established firms are struggling to effectively incorporate AI into their existing products, leading to inefficiencies and a lack of user engagement [9] Emerging Trends - The rise of Vibe Coding, which allows individuals and companies to create their own tools, poses a threat to traditional software sales, as businesses may prefer to develop customized solutions rather than purchase third-party software [11] - The demand for software is shifting towards solutions that address specific, non-standard needs, indicating a potential decline in the traditional SaaS model [13]

Core Viewpoint - The precious metals sector is experiencing a decline, Bitcoin prices are plummeting, and the U.S. labor market shows signs of weakness, which, combined with the revaluation of software companies, threatens the foundation of the AI-driven bull market [1][20] Group 1: Market Overview - The recent market turmoil has led to a loss of over $1.5 trillion in U.S. stock market value, raising doubts about the strength of the U.S. economy to support further stock market gains [20] - The rebound in the S&P 500 index on Friday does not indicate a stable market, as it often occurs during prolonged market pressure [1][20] - Various sectors are showing cracks, prompting investors to hedge against potential downturns [1][20] Group 2: Software Sector - The sell-off in software stocks is significant, with concerns that AI tools may disrupt the business of companies like DocuSign and Salesforce [29] - A report indicated that 72% of S&P 500 companies have updated disclosures regarding the significant risks posed by AI to their businesses [29] - The market is currently bearish on software stocks, raising concerns about risk spillover to other sectors [30][31] Group 3: Small Cap Stocks - Small-cap stocks were initially favored as investors moved away from overvalued tech stocks, but this strategy has faltered due to broad market adjustments and weak labor market data [4][22] - The Russell 2000 index has seen a decline of over 5% from recent highs, reflecting the impact of domestic economic conditions on small-cap companies [24][22] Group 4: Precious Metals - The precious metals sector, particularly gold and silver, has experienced extreme volatility, with the VanEck Gold Miners ETF suffering a 13% drop, the largest in over five years [25][27] - The sector has shifted from being a niche investment to a speculative tool for retail investors, raising concerns about its fundamental support [25][27] - Analysts note that the trading frenzy in precious metals has become "crazy," with significant price fluctuations that contradict their traditional role as safe-haven assets [27][9] Group 5: Digital Assets - Bitcoin, once referred to as "digital gold," is underperforming compared to physical gold, with its price dropping below $65,000, marking a 15-month low [28] - Companies involved in Bitcoin mining and digital asset management have seen significant stock price declines, with some dropping over 20% [28][10] - The largest Bitcoin exchange-traded fund also experienced a 16% drop, reflecting the broader downturn in the digital asset market [28] Group 6: Capital Markets - Concerns about AI disrupting various sectors may lead to a slowdown in capital market activities, including mergers and acquisitions, IPOs, and stock and bond issuances [29] - The technology sector was expected to contribute significantly to capital market revenues, but this outlook may be changing due to the potential disruptive effects of AI [29]