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The 7investing Key Takeaway
We’ve heard it said that software is eating the world and then that AI is eating software. And my recommendation this month will win regardless of the tech world’s changing appetite.
The pioneer the of tech industry’s largest sector, it’s become one of the most profitable and dominant software companies in the entire world. It’s now employing AI to mine and to autonomously make decisions based on the treasure chest of enterprise-grade information it owns. That’s helping customers become more efficient and profitable, which further increases the stickiness and switching costs of its products.
Its stock has curiously been out of favor with investors this year, with its falling stock price perhaps an indication that there are fears of it falling a step behind smaller and nimbler competitors in the fast-moving AI software space.
Yet with its brilliant founder still at the helm, this company looks to be fully-capable of evolving and adjusting to any technological changes that take place around it. Right now appears to be an opportunistic time for investors to take a position in this best-in-class software leader.
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