A few sub-themes ! - Spenders of Capex vs Earners of Capex - Capex heavy stocks are getting punished - think hyperscalers - $goog, $amzn 2 - Redundancy through AI - unironically, software is the theme getting torched here deeply 3 - BUT, not all SaaS is created equal, some will benefit and have more usage (APIs) others - meant for human dashboarding will have subscription numbers dropping
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Main theme ricocheting through markets is AI.
A few sub-themes
! - Spenders of Capex vs Earners of Capex - Capex heavy stocks are getting punished - think hyperscalers - $goog, $amzn
2 - Redundancy through AI - unironically, software is the theme getting torched here deeply
3 - BUT, not all SaaS is created equal, some will benefit and have more usage (APIs) others - meant for human dashboarding will have subscription numbers dropping