They were wrong: software and AI are running together
Sean Emory of Avory & Co. argues the SaaS apocalypse narrative is broken. CRPO accelerations at Salesforce, ServiceNow, Okta, Palantir, MongoDB, and Zoom, plus NVIDIA's data center guide, show software and AI are compounding together, not cannibalizing. Sean walks the four layers of the AI stack, why distribution wins at the application layer, and where the real risks sit.
Chapters
00:00 The SaaS is dead narrative
01:07 Intro and disclosures
01:50 Is the SaaS apocalypse wrong
03:52 Backlog signals: CRPO
04:16 Salesforce and Agentforce
05:50 ServiceNow and Okta
06:52 MongoDB and Zoom
08:31 Four layers of the AI stack
12:37 NVIDIA's full stack strategy
16:31 Risks and what to watch
18:11 Wrap up
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Website: avoryfunds.com
Disclaimer
For educational purposes only. Not investment advice. Opinions reflect our views as of the recording date and may change. Avory & Co. and Sean Emory may hold positions in securities discussed. Do your own research and consult a professional before making investment decisions.
