2026년 2월 13일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Amazon.com (NASDAQ:AMZN) AWS chief Matt Garman thinks investors may be getting carried away with fears that AI will wipe out traditional software companies. Speaking to CNBC, he called the recent selloff in SaaS stocks overblown, even as AI continues to reshape how software is built and used.
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Garman did not downplay AI's impact. He described it as deeply disruptive, but argued that established software providers still hold a strong position. Companies that run core systems of record, he said, have an inside track as long as they keep innovating. AWS sits underneath many of them, providing cloud infrastructure to names like ServiceNow (NYSE:NOW), Adobe (NASDAQ:ADBE) and Intuit (NASDAQ:INTU).
The market has not been patient. ServiceNow is down 32% year to date despite posting 20%+ growth in its latest report. Adobe has fallen 25% even after delivering double digit Q4 growth. Constellation Research's Ray Wang has called the so called SaaS apocalypse narrative misguided.
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