#110 | AI Winners or Victims? The Case for Klaviyo, HubSpot, and Adyen
AI Victims or AI Winners?
Software stocks keep falling while revenue still grows. So is AI destroying these businesses, or making them stronger? In this episode, we look at three very different companies: Klaviyo, HubSpot, and Adyen. Which ones are actually exposed to AI, which ones could benefit from it, and where the market may be overreacting.
The core question is simple but important: if AI makes software easier to build, use, and replace, what happens to pricing power, retention, and valuation? We break down how each business makes money, why their pricing models matter, and why a…
The skinny
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