1. SaaS is oversold and AI will be a tailwind for the winners. Earnings are starting to show the AI narrative shift
2. SalesForce, ServiceNow, Workday, etc are all very sticky at the enterprise level
3. Trump owns these (minus Monday and Atlassian)
I will add ZS and Okta for cybersecurity exposure
CRM earnings this Wednesday. WDAY popped after earnings last Thursday but gave a lot back. INTU earnings last week were a disaster for the stock price, but I do not see them as an AI winner
Where will SaaS go?
