Ed Ludlow

Brent Thill, sort of adding to that sentiment, he's over at Jefferies downgrading Workday into the earnings that come on Tuesday, really talking about execution risk with the CEO and other executive changes.

Just in what way can we see executives navigate what is just a hit from sometimes companies that really have no historical proof point that what they're doing and what they're building is significant to the industry in which they seem to upend from a share price perspective?

Yeah, they're in an extremely difficult position right now.

I've spoken with portfolio managers and investors who basically say there's nothing they can really hope to hear from management teams that are going to ease these fears because AI is a multi-quarter, multi-year disruption entity out there.

And so even if they say, you know, we're feeling pretty good about this year, you know, what does that mean for five years from now?

And it's just going to be very difficult to sort of untie all these knots that are out there that have people just sort of selling in mass.

Now, I will say a lot of these stocks are at all time lows in terms of their valuations.

Companies like

uh salesforce and workday i mean they have basically never been cheaper so there is a lot that is being priced into them right now so if they do indicate that maybe this disruption isn't happening as quickly as some people are afraid of or if they can talk about ways they're able to sort of ride the ai wave and turn it into a tailwind it is possible you see some kind of relief rally in these stocks but right now it just seems like people are so cautious and you know they just continue to sell a lot of these names are down 50 or more from their all-time highs

I'm going to ask Ryan Vlaselica all over the software trade.

Thank you.

While we are seeing heightened market unease of late, concern, as Ryan said, about the impact of these AI tools dates back years.

And this, as the popularity and demand for some of them have taken even their own creators by surprise.

Shireen Ghaffari is here with us.

Shireen, you've been looking at the impact most recently of Claude Code and how that really took the leaders of Anthropic by surprise.

Shreen, also late Friday, we reported some kind of the targets that OpenAI has.

I call them targets, but I guess forecasts for what revenue will be come the end of this decade.

What do we need to know?

So what we're seeing now is sort of open eye share, as we reported with investors, some of those adjusted forecasts.

Revenue to hit $280 billion in 2030.