Briefly sharing some updated data on the absolute blood bath in software stocks as the market believes AI (such as Anthropic’s release of the legal plugin for its large language model Claude) will devour traditional software. Names like Microsoft (MSFT), ServiceNow (NOW) and Adobe (ADBE) are down big—yet still very profitable and growing. Will have more to say soon about specific names, but here is a look at 40+ top software stock ratings from Morningstar (moat ratings, BIG price upside potential and more). In a few years, you may look back and wish you bought more. Enjoy the data!