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AI Software Disruption Fears Are Overblown: Enough is Enough
I am calling it this morning. The AI disruption fear narrative is over. Software earnings have been nothing short of extraordinary this season. AppLovin just reported revenue up 59% year over year to $1.84 billion with net income up 109% and free cash flow of $1.3 billion. Palantir posted its fastest revenue growth rate as a public company. Atlassian jumped 29% on its print. Datadog, Axon, all delivering. Yes, the seat based license model has real headwinds and some companies will feel that pressure. But the broad narrative that AI is going to destroy the software sector has been conclusively…
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