---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/38245437.md"
description: "Regarding software stocks, the recent market consensus is clearly a suppression. Claude series products have challenged the enterprise SaaS business model, the performance of toc companies has not been realized, and the opportunities for toc are not great after the giants entered the market. Today's Microsoft earnings report seems to have added fuel to this consensus.There are two logics for the development path of Agent: model-led or scenario-led. Model-led is a story where one Agent consumes all the enterprise SaaS budget; scenario-led is model + data layer that understands the scenario, which is the path Palantir is taking.The current market seems to be a general sell-off of all software stocks, regardless of fundamentals, but whether it is a misjudgment needs to be judged based on individual stocks. Companies with solid performance realization will be corrected by the market after being misjudged.$Microsoft(MSFT.US)$Palantir Tech(PLTR.US)$Snowflake(SNOW.US)$UiPath(PATH.US)$Figma(FIG.US)"
datetime: "2026-01-29T16:25:10.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38245437.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38245437.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38245437.md)
author: "[lyhalfway](https://longbridge.com/en/profiles/3372973.md)"
---

# Regarding software stocks, the recent market conse…


### Related Stocks

- [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md)
- [FIG.US](https://longbridge.com/en/quote/FIG.US.md)
- [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md)
- [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md)
- [PATH.US](https://longbridge.com/en/quote/PATH.US.md)

## Comments (24)

- **新用户_Xyj64n · 2026-02-01T10:46:53.000Z**: This is a complete wipeout, is there still a chance to come back? The app has dropped quite badly.
- **blue whale · 2026-01-30T17:54:50.000Z · 👍 1**: I deeply feel that the office scenario software developed before has been replaced by AI
- **Simon93 · 2026-01-30T17:37:35.000Z · 👍 2**: In fact, it is very difficult for AI to truly replace office software, because software in these scenarios requires 100% accuracy. It's more about assisting people in using the software, and it should actually boost software sales.
- **[已注销] · 2026-01-30T08:56:51.000Z**: I have a question. He won't report until next Monday. Should I buy the stock at the opening on next Monday for the earnings report, or buy the stock at the opening this Friday for the earnings report on next Monday?
  - **lyhalfway** (2026-01-30T09:01:24.000Z): If you want to bet on earnings, there's no difference
- **smd · 2026-01-30T04:11:43.000Z**: Uncle, when do you think it's appropriate to add PLTR? At 130?
  - **lyhalfway** (2026-01-30T04:18:38.000Z): Below 150 is fine, but you can wait until next week's earnings report
- **众神 · 2026-01-30T03:33:32.000Z · 👍 2**: Take a simple example, the software for those scenarios developed by Yuanfudao in China, now Doubao can basically handle it all, photo problem-solving, online chat
  - **lyhalfway** (2026-01-30T03:42:57.000Z): Well yes, so products like $Duolingo(DUOL.US) are also being dimensionally reduced by AI
- **Ryan_qiji · 2026-01-29T17:09:23.000Z**: Agents should still be model-driven, but models will shift from parameter competition to practical scenario applications. Agents will become proxy intelligences for individuals, acting on their behalf to complete certain tasks and work.
  - **lyhalfway** (2026-01-30T03:45:08.000Z): The implementation of scenario-based applications is essentially scenario-driven. Just like PLTR's AIP can call multiple LLMs, but at the bottom layer, there is still a data layer ontology that unders
- **幸运币 · 2026-01-29T16:34:15.000Z · 👍 1**: 🌚I don't even know what company path is
- **丁真！寄 · 2026-01-29T16:31:53.000Z · 👍 4**: Too popular, overhyped, the market is demanding performance
- **冒绿光的统统买进 · 2026-01-29T16:31:24.000Z**: Almost equivalent to the previous set of vs studio, office all crashed 🤡
- **新用户_YTSwZBwqq · 2026-01-29T16:29:02.000Z · 👍 1**: Psychological massage💆
- **UUsee · 2026-01-29T16:28:42.000Z · 👍 5**: Currently, it's difficult to achieve full-scenario coverage relying solely on models.
- **满仓pltr长持 · 2026-01-29T16:26:56.000Z · 👍 2**: 190 sold a lot of pltr and gradually bought back
- **黑化的交易员 · 2026-01-29T16:26:16.000Z · 👍 1**: Uncle, did you add PLTR today? The price seems decent.
  - **lyhalfway** (2026-01-29T16:31:21.000Z): Not yet
  - **胖 哥** (2026-01-29T16:33:29.000Z): 🤔Isn't it already 150 below your original plan?
  - **lyhalfway** (2026-01-29T16:35:52.000Z): The market situation is not right