2026년 2월 13일 · Unknown · financial · 출처 Yahoo Finance
Investors try to make sense of the current market environment (^DJI, ^IXIC, ^GSPC) as AI concerns continue to spark further sell-offs in the software space, a situation now being dubbed the "Software-mageddon."
Wedbush Securities managing director and global head of technology research Dan Ives sits down with Market Catalysts Host Julie Hyman at the 2026 Bitcoin Investor Week conference to talk about how he is viewing the recent stock decline in software leaders.
To watch more expert insights and analysis on the latest market action, check out more Market Catalysts.
Video Transcript
00:00 Speaker A
I've talked to some investors who have said this is sort of like an attention speaking seeking market or a short attention span market. and one of the reasons we've seen risk off is that people are like, oh, what's the next new shiny thing? In some cases it's been the literal shiny thing, meaning gold and people have gone into that, but that the you know, people are sort of bopping around more than they used to. I don't know if you're seeing that.
00:23 Speaker B
I think there's some of that. And obviously me and you have talked about a lot. I think there's just hypersensitivity about disruptive technology and what that's doing to install based vendor. I mean, obviously, if you look at Salesforce, Service Now, Oracle, Microsoft sell-off, look, in my career going back to the late 90s, I've never seen anything like it. A structural sell-off like this that we've seen in software. But to my point, if you look at earnings season, the 6-700 billion of CAPEX, the multiplier a dollar spend of video chip, 8 $10 multiplier across rest of tech, I feel more emboldened about the bull thesis on tech and AI this year, despite obviously this massive pullback.
01:07 Speaker A
And even in software.
01:08 Speaker B
Look, I think this software sell off will go down as a generational opportunity to own some of the stalwarts because it, look, they're going to be a core part of the use cases. The view that a Salesforce, a service now is going to get disintermediated. Now, I'm not say on the edges, it's a headwind. We've talked about it.
01:34 Speaker A
Right.
01:35 Speaker B
But you're talking about hundreds of thousands of enterprise customers, they're not going with just a tool that is ultimately launched into the market relative to what install-based players are playing with.
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