Market Outlook: AI divides software stocks into winners and losers - BNN Bloomberg
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Article Excerpt
Software stocks are under pressure after weak guidance from Palo Alto Networks added to concerns that artificial intelligence could disrupt traditional software models. Investors are reassessing which companies will benefit from rising AI adoption and which may face structural pressure.
BNN Bloomberg spoke with Matthew Tuttle, CEO and chief investment officer at Tuttle Capital Management, who said cybersecurity and data infrastructure firms are positioned to benefit from AI growth, while workflow-based and outsourcing companies face displacement risk.
Key Takeaways
The software sector is spl…
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