I already have it. It's still down 20%. But hopefully enterprise-level software like SAP will be ready to go soon.
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@MrKobayashi I'm in too, but I'm up 7% because I got in at a low price 😉
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•@TradingHase Well... At the start of my glorious trading career, I got myself nicely caught up in the SaaS apocalypse and, once things started going downhill, I just couldn't bring myself to sell. Stocks like $SAP, $CRM, $ADBE, $ADSK, etc., aren't exactly penny stocks. Too bad there aren't any pure SaaS ETFs on TR.
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•@MrKobayashi Be glad that there isn't an ETF like that. The sector has performed strongly in recent years. As AI becomes more powerful, software will take on a different significance in the coming years and will likely undergo a shift in the market, since AI already makes many solutions possible without the need for separate software.
I think this trend will continue.
I think this trend will continue.
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@TradingHase That's very likely. Nevertheless, I think that enterprise software—partly because of its moat—will benefit from the AI hype in the long run. Small players, however, will naturally fall by the wayside.
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@MrKobayashi This is what it might look like
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