Software Volatility: Separating Noise From Signal
Source: SeekingAlpha
2026-02-23 22:15:00 ET
Software has become the market’s latest AI-disruption punching bag. The concern is simple: if AI agents can complete tasks end to end, they could compress human labor, reduce the need for “middle-layer” software, and weaken moats as the cost of building new tools falls toward zero. That has direct implications for the terminal value assumptions embedded in high-growth software multiples....
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Software Volatility: Separating Noise From Signal
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