March 8, 2026 
2 min read 
The software sector has endured a difficult year, with major names such as Microsoft, Palantir, Oracle, Salesforce, and Intuit trading substantially below their highs. Market conversation has centered on artificial intelligence and AI agents, and a growing thesis argues these technologies could disrupt software-as-a-service business models. That claim warrants scrutiny: the nature of the software businesses and their complexity varies, and the headwind is not uniformly applied across the industry.
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