Why Software Subscription Stocks Might Rebound
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Investors in AI suppliers should monitor SaaS stocks like Adobe, Salesforce, and ServiceNow, which have declined due to fears of subscription cancellations amid corporate cost-cutting. However, the bearish outlook may be overstated, as companies may need both chatbots and SaaS for productivity. Risks remain with chatbots, as seen with Microsoft's CoPilot. Notable SaaS stocks include Intuit, Autodesk, Workday, MongoDB, and DataDog, with ServiceNow and Intuit showing potential for rebounds. Adobe faces challenges from AI alternatives in image and video processing.
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