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The new year was supposed to bring opportunities for beaten-down software stocks. Instead, the group is off to its worst start in years.

The release of a new artificial intelligence tool from startup Anthropic on Jan. 12 rekindled fears about disruption that weighed on software makers in 2025. TurboTax owner Intuit Inc. tumbled 16% last week, its worst since 2022, while Adobe Inc. and Salesforce Inc., which makes customer relationship management software, both sank more than 11%.

All told, a group of software-as-a-service stocks tracked by Morgan Stanley is down 15% so far this year, following a drop of 11% in 2025. It’s the worst start to a year since 2022, according to data compiled by Bloomberg.

Meanwhile, valuations for software companies keep getting cheaper. The Morgan Stanley basket is priced at 18 times earnings projected over the next 12 months, its cheapest on record, and well below an average of more than 55 times over the past decade.

https://www.bloomberg.com/news/articles/2026-01-18...

hoping coders respond here :

https://www.shrewdm.com/MB?pid=59243140

I'm retired now but did coding, hardware, and later computer security/hacking stuff.

I certainly think AI could do basic coding and help programmers with stuff. I've mentioned before that I think AI will further separate the smarter people from the not-so smart people. People who don't know what they are doing or not good at it will use AI and copy/paste the information w/o really understanding what they have and aren't smart enough (or motivated) to check it out.

My nephew is finishing up college and he said a lot of the tech majors are just copying/pasting stuff from AI. That scares me because a large part of programming is debugging code, testing it and making sure it does what it is supposed to do. What happens when these "copiers" find out the code is incorrect?

Do you want a car mechanic who knows how a car works and can diagnose it and fix it? Or do you want someone who just reads the error codes and blindly replaces parts? I suppose at times you can argue there may be need for both.


Rich

I agree you can't just copy/paste code from AI. But you can have AI write it and still debug it yourself.

I don't know anything about writing code and I used chatgpt to write a VBL script for excel. It's maybe 100 or so lines long so relatively basic. I don't know much about VBL or writing any code. I had to test it and then work with chatgpt to fix several issues. I kept feeding the errors into chatgpt and it fixed them after a lot of back and forth. I can't read any of the code, but it works perfectly now.

I know this is pretty basic but the script is saving me a ton of time.

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