Software valuation hedge if AI adoption slows
The case was made that traditional software equities are historically cheap and offer a valuation safety net if AI monetization fails to deliver on high expectations.
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The guest expressed concern that the massive AI-related capital expenditure, while funded by healthy companies, faces a 'prisoner's dilemma' and risks a market reassessment if productivity gains take as long as prior tech waves.
The case was made that traditional software equities are historically cheap and offer a valuation safety net if AI monetization fails to deliver on high expectations.