Key insights
- The author discusses the potential overselling of SaaS stocks like NOW and CRM due to AI disruption fears. They explore the possibility of a rebound and suggest considering these stocks for volatility harvesting. The article implies a potential buying opportunity based on the premise that the market has overreacted to the AI threat, but it lacks concrete analysis to support a strong bullish outlook.
I've been wondering about stocks like Service Now (NOW), Salesforce (CRM), and others since they got hammered due to fears of AI replacing them. Are they in fact oversold? Perhaps like video game stocks got hammered when Google came out with a product that easily created virtual worlds?
Wondering why people may either be continuing to steer clear of SaaS stocks or are quietly loading up on them.
What other SaaS stocks are worth looking at? If not for the long haul, then at least for "volatility harvesting" if they shoot back up. What is the "come back" case / scenario if there is one?