SaaS is about to explode once people fully realize the OpenAI and Anthropic debts are never going to get paid

We are slowly reaching that point where everyone is starting to learn that AI doesn't create enterprise software, it also doesn't create safe robust systems, it costs far more than people want to admit. Once those prices start going up and people heavily scale back usage or use cheap versions and demand peaks.

These SaaS giants that have been as profitable as ever trading at low multiples are going to be far more ingrained with AI agents and workflows. Their competitors will be paying Dev Salaries + 20-30k in tokens to get mediocre products.

You've started to see the shift. There are only a few companies out there that can truly front the 50-100b a spend a quarter and they aren't doing it with AI money. Diversify boys because the cracks are forming in the SOXX and DRAM narrative.

LONG: NOW, CRM, VEEVA, INTU, ADBE (this is probably junk but i got it for 198)

Edit: Told you so.