JPMorgan’s equity strategy team, led by Dubravko Lakos-Bujas, argues that fears of AI disrupting the software industry are largely exaggerated. The team projects annual profit growth of 16.8% for the software industry by 2026, arguing that the recent selloff has created a buying opportunity. Microsoft and CrowdStrike are identified as beneficiaries rather than victims of the AI revolution. JPMorgan recommends increasing exposure to software firms with strong fundamentals and the ability to integrate AI into their existing offerings. Semiconductors and AI infrastructure are also cited as sectors with significant upside potential.
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