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Software Gains as Guggenheim Says AI No ‘Death Knell’ for Sector

Software Gains as Guggenheim Says AI No ‘Death Knell’ for Sector
Bloomberg Markets Wednesday 01 July 2026, 12:16 UTC By Ryan Vlastelica 1 min read
Key Points

Software Gains as Guggenheim Says AI No ‘Death Knell’ for Sector Software shares rose in premarket trading after Guggenheim upgraded a trio of companies, saying fears that artificial intelligence poses a mortal threat to the sector are overdone. “Valuations imply many software companies will decline into perpetuity because of AI,” wrote analyst John DiFucci in a research note published Wednesday.

Software Gains as Guggenheim Says AI No ‘Death Knell’ for Sector Software shares rose in premarket trading after Guggenheim upgraded a trio of companies, saying fears that artificial intelligence poses a mortal threat to the sector are overdone. “Valuations imply many software companies will decline into perpetuity because of AI,” wrote analyst John DiFucci in a research note published Wednesday. “We don’t believe that to be true.” Competition from AI companies would have an impact, he added, but the fatal bear case was “a hallucination.”
Guggenheim (ORG) Sector Software (ORG) AI (ORG) John DiFucci (PERSON)
Originally published by Bloomberg Markets Read original →

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