---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/38227979.md"
description: "The logic behind the SaaS stocks bought during the portfolio adjustment at the beginning of the year (the reasoning was that these software products are not easily replaceable by AI, but introducing AI could significantly enhance their value) has, at least for now, been rejected by the market. The outcome is still uncertain (just like last year when the market was worried AI would kill search), but if not for controlling the position size, it would be very painful now.$Microsoft(MSFT.US)$Figma(FIG.US)$Snowflake(SNOW.US)"
datetime: "2026-01-29T14:35:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38227979.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38227979.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38227979.md)
author: "[晓风 morning_wind](https://longbridge.com/zh-CN/profiles/6620864.md)"
---

> 支持的语言: [English](https://longbridge.com/en/topics/38227979.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38227979.md)


# The logic behind the SaaS stocks bought during the…


### 相关股票

- [Microsoft (MSFT.US)](https://longbridge.com/zh-CN/quote/MSFT.US.md)
- [Figma (FIG.US)](https://longbridge.com/zh-CN/quote/FIG.US.md)
- [Snowflake (SNOW.US)](https://longbridge.com/zh-CN/quote/SNOW.US.md)

## 评论 (6)

- **宇宙大爆炸 · 2026-01-29T14:54:32.000Z**: It might have been too expensive before, but Figma on the AI ecosystem chain is still a necessity for both ToC and ToB at this stage. The mainstream view might be that AI agents will disrupt all SaaS software, like what Musk's Microsoft is doing.
- **Liang0730 · 2026-01-29T14:54:28.000Z**: AI is fatal to software stocks
- **lyhalfway · 2026-01-29T14:42:19.000Z · 👍 1**: It seems that the market consensus now is to suppress software stocks. It's true that toC performance is not good, but toBtoG still has solid performance.
- **大鱼治水 · 2026-01-29T14:39:49.000Z**: Hope they get well soon
- **酥油饼幺二幺三八 · 2026-01-29T14:37:14.000Z**: What does Brother Feng think about Oracle?
  - **晓风 morning_wind** (2026-01-29T14:38:04.000Z): Be cautious, wait for OpenAI's favorable period