Nvidia CEO Jensen Huang Just Said AI Won't Replace Software. 3 Beaten-Down SaaS Stocks To Buy Now

Software stocks have been tumbling this year, and the reason is clear. Investors are suddenly afraid that AI will disrupt software, and there are signs that tools like Anthropic's Claude Cowork is already threatening to do so. Software stocks related to legal work, for example, plunged on Tuesday after the AI start-up released a new productivity tool for in-house lawyers.This theory was summed up by John Zito of the private equity giant Apollo Global Management, who told an audience last fall that the real risk of AI was, "Is software dead?" This year, the AI disruption theory has clearly gained steam with the iShares Expanded Tech-Software ETF (NYSEMKT: IGV), which tracks most of the major software stocks, down 21% year-to-date, with a majority of those losses coming in the last week. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool