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SECTOR ETFXLKQQQBEARISHSubstantive discussion · 3/5

Zortix matched this thesis to Technology ETFs as the exposure the bearish case argues against, most actionable for readers who already hold them. Not a recommendation.

Software derating on AI disruption fears

The discussion noted that public software stocks on both sides of the Atlantic have derated 20-30% as markets become more discerning about which companies have durable moats against AI disruption.

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The story so far
CONTESTED · 54 MENTIONS · 42 EPISODES · 21 SHOWS
25 SEP 2025 — 13 AUG 2026 · 5D AGO
25 SUPPORT · 15 CHALLENGE · 1 UPDATE · 2 REPEAT · 11 MENTIONED
  1. 25 SEP 2025 · FIRST HEARD
    THE DERIVATIVE
  2. 22 EPISODES BETWEEN · 30 MENTIONS
    1. 26 SEP 2025
      PLANET MICROCAP PODCAST
    2. 5 FEB 2026
      THE JULIA LA ROCHE SHOW
    3. 6 FEB 2026
      AFFORD ANYTHING
    4. 7 FEB 2026
      ALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG · 2 MENTIONS
    5. 9 FEB 2026
      WHAT BITCOIN DID
    6. 10 FEB 2026
      THE COMPOUND AND FRIENDS · 2 MENTIONS
    7. 16 FEB 2026
      ANIMAL SPIRITS · 2 MENTIONS
    8. 17 FEB 2026
      YET ANOTHER VALUE PODCAST · 2 MENTIONS
    9. 18 FEB 2026
      ANIMAL SPIRITS
    10. 19 FEB 2026
      THE ACQUIRERS PODCAST
    11. 20 FEB 2026
      THE COMPOUND AND FRIENDS
    12. 25 FEB 2026
      THE COMPOUND AND FRIENDS
    13. 25 FEB 2026 · CHALLENGES
      ANIMAL SPIRITS
    14. 26 FEB 2026
      FORWARD GUIDANCE
    15. 28 FEB 2026 · UPDATES
      ALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG
    16. 3 MAR 2026
      YET ANOTHER VALUE PODCAST
    17. 4 MAR 2026 · CHALLENGES
      THE COMPOUND AND FRIENDS
    18. 4 MAR 2026
      MONETARY MATTERS WITH JACK FARLEY
    19. 6 MAR 2026
      PLANET MICROCAP PODCAST
    20. 9 MAR 2026
      ANIMAL SPIRITS · 3 MENTIONS
    21. 10 MAR 2026 · CHALLENGES
      GOLDMAN SACHS EXCHANGES · 3 MENTIONS
    22. 12 MAR 2026 · CHALLENGES
      THE TWENTY MINUTE VC
  3. 16 MAR 2026
    GOLDMAN SACHS EXCHANGES
    • Software derating on AI disruption fears · THIS IDEA
  4. 12 EPISODES BETWEEN · 15 MENTIONS
    1. 19 MAR 2026 · CHALLENGES
      THE TWENTY MINUTE VC
    2. 24 MAR 2026
      THE COMPOUND AND FRIENDS
    3. 27 MAR 2026
      ALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG · 2 MENTIONS
    4. 31 MAR 2026
      THE LONG VIEW
    5. 3 APR 2026
      ALL-IN WITH CHAMATH, JASON, SACKS & FRIEDBERG · 2 MENTIONS
    6. 7 APR 2026
      THE COMPOUND AND FRIENDS
    7. 9 APR 2026 · CHALLENGES
      MONETARY MATTERS WITH JACK FARLEY
    8. 10 APR 2026
      FORWARD GUIDANCE
    9. 10 APR 2026
      THE MEB FABER SHOW
    10. 11 APR 2026
      THE POMP PODCAST
    11. 17 APR 2026
      THE COMPOUND AND FRIENDS
    12. 17 APR 2026
      BARRON'S STREETWISE · 2 MENTIONS
  5. 20 APR 2026 · CHALLENGES
    THE TWENTY MINUTE VC
  6. 22 APR 2026 · CHALLENGES
    ANIMAL SPIRITS
  7. 23 APR 2026 · CHALLENGES
    YET ANOTHER VALUE PODCAST
  8. 24 APR 2026
    THE BUSINESS BREW · 2 MENTIONS
  9. 31 JUL 2026 · 3W AGO · CHALLENGES
    CNBC FAST MONEY
  10. 13 AUG 2026 · 5D AGO
    WE STUDY BILLIONAIRES - THE INVESTORS PODCAST NETWORK
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD
NOT INVESTMENT ADVICE · A SUMMARY OF WHAT WAS SAID ON THE PODCAST · VERIFY AGAINST THE SOURCE