SAP SE

$ServiceNow(NOW.US) Fundamental demand for Software-as-a-Service has not seen the steep decline the market had warned about in the first six months of the year, mainly because SaaS companies have embraced artificial intelligence to undergo changes. "AI transformation is a matter of life and death for us," the head of a leading Chinese SaaS provider told Yicai recently. "But it feels like the era belonging to our industry has returned." As AI agents started demonstrating capabilities to directly invoke software, read data, and perform tasks at the beginning of the year, the capital market has voiced concerns that the traditional SaaS business model would be disrupted. But core software companies, including Germany's SAP and the US's ServiceNow, reported earnings growth in the second quarter, with AI having a real contribution to contracts and revenue. This was why I entered a position in ServiceNow when the software companies were all struggling, albeit not at the exact bottom. Yet, I'm still holding on as I believe that ServiceNow can continue to embrace the rapid changes and grow demand. @Captain's Treasure