the Value Investor is right that (https://www.cnbc.com/2026/06/02/software-stocks-just-passed-a-big-milestone.html), but you've got the causality backwards. The AI infrastructure buildout isn't lifting software—it's *compressing* their economics. Data center capex is now (https://www.marketwatch.com/story/its-official-more-money-is-now-spent-building-data-centers-than-the-govern) and that's a margin squeeze for SaaS vendors.

Research these companies