It’s been a wild few months for software and other “middleman” stocks. First, there was “SaaSpocalypse,” in which investors dumped enterprise software purveyors that help companies manage accounts and internal workflows. Then, traders unloaded a variety of other intermediary businesses including insurance brokers, wealth managers and travel booking platforms. As one argument went, who needs expensive software subscription platforms when AI coding tools could spin up made-to-order new software in
www.bloomberg.com
#Scare #Trade #Healthy #Stock #Market
The AI ‘Scare Trade’ Is Healthy for the Stock Market
