Did Anthropic Just Give Investors Another “DeepSeek Moment?”

The podcast analyzes the recent downturn in software company stocks, triggered by Anthropic's AI tool Claude Cowork, which threatens to replace existing software. The discussion revolves around whether this is a temporary overreaction or a sign of deeper, AI-driven disruption. Speakers categorize software companies into massive leaders, ecosystem companies, and those performing singular functions, with the latter being most at risk. They highlight CrowdStrike and Toast as examples of companies well-positioned to weather the AI shift due to their mission-critical nature and entrenched customer relationships. The conversation then shifts to concerning jobs data, including low job openings and high layoff announcements, and the potential impact of AI on entry-level tech positions. The hosts also share their investment strategies amid economic uncertainty, favoring companies in evergreen industries.