Checks Point to AI Displacement Risk in Software -- Market Talk

Dow Jones04-15

1330 ET - There's some truth to the artificial-intelligence displacement thesis that has weighed on software stocks this year, UBS analysts Karl Keirstead and Dean Marriott write, citing customer checks at the HumanX AI conference in San Francisco. One consistent theme in their discussions was a focus on custom-built or DIY artificial-intelligence solutions among enterprise customers. "Customers were clear that they are still reliant on 3P software firms, especially for core systems of records (SoR) but they were very willing to harness Claude/GPT, GPU compute as well as their proprietary data to build where they might have otherwise bought," the analysts write. Firms that deal with corporate data, including Palantir, Databricks, and Snowflake, are at less risk than other software-as-a-service or application stocks, the analysts write. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

April 14, 2026 13:30 ET (17:30 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2627425980?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-15 01:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2627425980","market":"fut","top_or_hot":-1,"title":"Checks Point to AI Displacement Risk in Software -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1330 ET - There's some truth to the artificial-intelligence displacement thesis that has weighed on software stocks this year, UBS analysts Karl Keirstead and Dean Marriott write, citing customer checks at the HumanX AI conference in San Francisco. One consistent theme in their discussions was a focus on custom-built or DIY artificial-intelligence solutions among enterprise customers. \"Customers were clear that they are still reliant on 3P software firms, especially for core systems of records (SoR) but they were very willing to harness Claude/GPT, GPU compute as well as their proprietary data to build where they might have otherwise bought,\" the analysts write. Firms that deal with corporate data, including <a href=\"https://laohu8.com/S/PLTR\">Palantir</a>, Databricks, and <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>, are at less risk than other software-as-a-service or application stocks, the analysts write. (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2026 13:30 ET (17:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Checks Point to AI Displacement Risk in Software -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChecks Point to AI Displacement Risk in Software -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-15 01:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1330 ET - There's some truth to the artificial-intelligence displacement thesis that has weighed on software stocks this year, UBS analysts Karl Keirstead and Dean Marriott write, citing customer checks at the HumanX AI conference in San Francisco. One consistent theme in their discussions was a focus on custom-built or DIY artificial-intelligence solutions among enterprise customers. \"Customers were clear that they are still reliant on 3P software firms, especially for core systems of records (SoR) but they were very willing to harness Claude/GPT, GPU compute as well as their proprietary data to build where they might have otherwise bought,\" the analysts write. Firms that deal with corporate data, including <a href=\"https://laohu8.com/S/PLTR\">Palantir</a>, Databricks, and <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>, are at less risk than other software-as-a-service or application stocks, the analysts write. (elias.schisgall@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 14, 2026 13:30 ET (17:30 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BZ9MQY76.HKD","symbol_name":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2627425980","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627425980","pubTimestamp":1776187800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1330 ET - There's some truth to the artificial-intelligence displacement thesis that has weighed on software stocks this year, UBS analysts Karl Keirstead and Dean Marriott write, citing customer checks at the HumanX AI conference in San Francisco. One consistent theme in their discussions was a focus on custom-built or DIY artificial-intelligence solutions among enterprise customers. \"Customers were clear that they are still reliant on 3P software firms, especially for core systems of records  but they were very willing to harness Claude/GPT, GPU compute as well as their proprietary data to build where they might have otherwise bought,\" the analysts write. Firms that deal with corporate data, including Palantir, Databricks, and Snowflake, are at less risk than other software-as-a-service or application stocks, the analysts write. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","BK4613":"AI应用软件","BK4505":"高瓴资本持仓","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4535":"淡马锡持仓","PLTZ":"2倍做空PLTR ETF-Defiance","PLTY":"PLTR期权收益策略ETF-YieldMax","BK4559":"巴菲特持仓","LU1861215975.USD":"贝莱德新一代科技基金 A2","PLTR":"Palantir Technologies Inc.","BK4588":"碎股","PLTW":"PLTR周配息ETF-Roundhill","SNOW":"Snowflake","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","PLTU":"2倍做多PLTR ETF-Direxion","BK4548":"巴美列捷福持仓","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","BK4551":"寇图资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","BK4607":"DeepSeek概念股","AI":"C3.ai, Inc.","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","BK4023":"应用软件","SNOU":"2倍做多SNOW ETF-T-REX","LU0097036916.USD":"贝莱德美国增长A2 USD","PLTI":"REX PLTR Growth & Income ETF","PLTG":"2倍做多PLTR ETF-Leverage Shares","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","BK4543":"AI","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","PLTD":"1倍做空PLTR ETF-Direxion","SNOY":"SNOW期权收益策略ETF-YieldMax","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","BK4116":"互联网服务与基础架构","LU0109392836.USD":"富兰克林科技股A","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4585":"ETF&股票定投概念","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","PLYY":"GraniteShares YieldBOOST PLTR ETF","BK4503":"景林资产持仓","PTIR":"2倍做多PLTR ETF-GraniteShares","PLTA":"ProShares Ultra PLTR ETF","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","PLT":"Defiance Leveraged Long Plus Income PLTR ETF","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4547":"WSB热门概念","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","PLOO":"2倍上限加速PLTR ETF-Leverage Shares","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1"},"translate_title":"检查指出软件中的人工智能取代风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/887cf15d20897d9e8e15a33cf4c4b3f5","symbols_score_info":{"PLT":0.6,"PLTG":0.6,"SNOY":0.6,"PLTD":0.6,"PLTW":0.6,"PLTI":0.6,"PLTR":1.88,"PLTU":0.6,"AI":1.82,"PLTZ":0.6,"PLOO":0.6,"PLYY":0.6,"PTIR":0.6,"SNOU":0.6,"PLTA":0.6,"PLTY":0.6,"SNOW":1.88},"content_text":"1330 ET - There's some truth to the artificial-intelligence displacement thesis that has weighed on software stocks this year, UBS analysts Karl Keirstead and Dean Marriott write, citing customer checks at the HumanX AI conference in San Francisco. One consistent theme in their discussions was a focus on custom-built or DIY artificial-intelligence solutions among enterprise customers. \"Customers were clear that they are still reliant on 3P software firms, especially for core systems of records (SoR) but they were very willing to harness Claude/GPT, GPU compute as well as their proprietary data to build where they might have otherwise bought,\" the analysts write. Firms that deal with corporate data, including Palantir, Databricks, and Snowflake, are at less risk than other software-as-a-service or application stocks, the analysts write. (elias.schisgall@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 14, 2026 13:30 ET (17:30 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2627425980","isCrawlerRequest":true}