US Technology Equities Q4 summary: AI monetization turning into reality United States What's next in the US software sector? During this quarter we discussed these topics: Software Will Eat AI (24 Feb 2026), Software 2026: Our AI outlook (12 Feb 2026) and Can AI replace software? (9 Feb 2026). Our view remains that the "AI vs Software" debate is overblown and continues to fade. Meanwhile, investor focus is likely to shift from AI disruption to profit pools and AI momentum towards vendors that are effectivel ...