Rowan notes software stocks have fallen almost 70% following the recent realization that AI will impact the software sector.
“But apparently two weeks ago, we discovered that AI is going to impact software and we've been in a massive risk off mode. And so software stocks are down almost 70%.”
Rowan notes software stocks are down almost 70% after markets recently realized AI's impact on the sector.
“But apparently two weeks ago we discovered that AI is going to impact software and we've been in a massive risk off mode and so software stocks are down almost 70%.”
Rowan mocks recent market reaction to AI's software impact as obvious rather than surprising.
“lo and behold, we think that AI might impact software. Is that news? Did we just discover that two weeks ago?”