Matt Frankel

I think the panic, initial panic, that was what the market was down by.

And it's like, oh, it didn't collapse overnight.

I think we might see something similar here with Anthropic.

The general trend is pointing towards what Matt said.

There is going to be software that is replaced by AI.

I think that we saw Anthropic come out with its new products.

This is the initial panic to that.

I think in coming months and quarters, we're going to see, okay, it's not an overnight collapse, but I think the general trend is pointing in that direction.

I think that is why, as Matt said, it's so important to distinguish what software can't we do without, we're going to still go to the software provider, and what is AI going to replace.

For me, that is CrowdStrike, ticker CRWD.

This is a cloud-based AI cybersecurity company.

I don't think that this is a business that you want to have some internal tech geniuses vibe-coding a cybersecurity product to replace it.

I don't see that happening.

Businesses need cybersecurity.

The threats are always increasing.

CrowdStrike is a fast-growing, hugely profitable business.

It does have plenty of resources at its disposal to defend itself.

If you look, shares are flat over the past year, down 25% from 52-week high.

Maybe still a little bit pricey from a valuation perspective, but if this SaaS sell-off intensifies, maybe 2026 will hand investors a very good bargain for CrowdStrike stock.

Yes and yes, Tyler.