According to Vembu, the pain in software stocks is overdue. “I don’t see why any mature software company should trade at 30-40 price-to-earnings multiples,” he wrote, adding that valuations of 10 to ...
U.S. ​software stocks ⁠have posted double-digit declines in the past one year as investors feared that advances in AI capabilities, which include instant production of computer codes and apps at a ...