In Software Debate, Morgan Stanley Seeks Both 'moat' and AI 'journey'

Dow Jones07-22 01:19

1319 ET - It's not enough to consider a software company's "moat"--their current competitive positioning and risk of displacement--when considering which companies will emerge as winners and losers from the adoption of artificial-intelligence, Morgan Stanley analysts write in a note. Investors should also consider the "journey": how well a company can adapt to AI processes and models as software continues to evolve. The companies that clearly check both boxes are Microsoft, Palo Alto Networks, CrowdStrike, Shopify, Cloudflare, ServiceNow, Datadog, and Snowflake, the analysts write. Stocks that appear more challenged include Adobe and Workday, they add. (elias.schisgall@wsj.com)

(END) Dow Jones Newswires

July 21, 2026 13:19 ET (17:19 GMT)

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The companies that clearly check both boxes are Microsoft, <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>, <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike</a>, <a href=\"https://laohu8.com/S/SHOP\">Shopify</a>, <a href=\"https://laohu8.com/S/NET\">Cloudflare</a>, <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>, <a href=\"https://laohu8.com/S/DDOG\">Datadog</a>, and <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>, the analysts write. Stocks that appear more challenged include <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> and <a href=\"https://laohu8.com/S/WDAY\">Workday</a>, they add. (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  July 21, 2026 13:19 ET (17:19 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>In Software Debate, Morgan Stanley Seeks Both 'moat' and AI 'journey'</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\">\nIn Software Debate, Morgan Stanley Seeks Both 'moat' and AI 'journey'\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\">2026-07-22 01:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1319 ET - It's not enough to consider a software company's \"moat\"--their current competitive positioning and risk of displacement--when considering which companies will emerge as winners and losers from the adoption of artificial-intelligence, Morgan Stanley analysts write in a note. Investors should also consider the \"journey\": how well a company can adapt to AI processes and models as software continues to evolve. The companies that clearly check both boxes are Microsoft, <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a>, <a href=\"https://laohu8.com/S/CRWD\">CrowdStrike</a>, <a href=\"https://laohu8.com/S/SHOP\">Shopify</a>, <a href=\"https://laohu8.com/S/NET\">Cloudflare</a>, <a href=\"https://laohu8.com/S/NOW\">ServiceNow</a>, <a href=\"https://laohu8.com/S/DDOG\">Datadog</a>, and <a href=\"https://laohu8.com/S/SNOW\">Snowflake</a>, the analysts write. Stocks that appear more challenged include <a href=\"https://laohu8.com/S/ADBE\">Adobe</a> and <a href=\"https://laohu8.com/S/WDAY\">Workday</a>, they add. (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  July 21, 2026 13:19 ET (17:19 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":"BK4581","symbol_name":"高盛持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2653204296","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653204296","pubTimestamp":1784654340,"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":"1319 ET - It's not enough to consider a software company's \"moat\"--their current competitive positioning and risk of displacement--when considering which companies will emerge as winners and losers from the adoption of artificial-intelligence, Morgan Stanley analysts write in a note. 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