Key insights
- The author observes a potential inverse correlation between AI and SaaS stocks, noting that AI advancements might automate functionalities previously provided by SaaS applications. This could lead to reduced demand or pricing pressure for certain SaaS companies, impacting their future growth prospects. While acknowledging AI's potential, the author expresses concern over its direct impact on existing SaaS revenue streams, suggesting a bearish outlook for some SaaS stocks.
I own stock quality stocks (in my opinion) such as MSFT, NOW, TEAM and UBER
My question is at what point this inverse correlation between AI stocks and SaaS stocks gonna end???
In my opinion, AI for sure will be huge thing but that doesn’t mean I gonna create a Shopify store from Claude just to save some pennies and leave all the 10 year data in Shopify for it (I don’t own SHOP stock but I am a merchant on Shopify and sell products. So, just giving you a real life example here)
Having said that I don’t know about few other saas stocks such as intuit or Duol (not saying its bad or good)
Edit:- forgot to add, on my shopify store I used to use 6-7 apps such as country redirections or estimates of shipping time. Claude just replaced those kind of apps from a code so now I don’t need to pay extra fee for those apps.
Do you have any similar real life story here??
Other than “AI gonna eat saas lunch”