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ZDNET's key takeaways
The AI boom has fueled hefty investments in software companies.
Yet, not all software companies are seeing the same boost.
Investors favor companies providing infrastructure for AI solutions.
Billions of dollars are flowing into artificial intelligence companies such as OpenAI and Anthropic, yet investors in software firms that should also be well-positioned to benefit from the AI boom have largely been left on the sidelines.
Cloud-based company Salesforce is down 28% year to date, closing at $240.36. Adobe is down 21% ending at $346.74. And a Morgan Stanley basket of SaaS stocks, a group of software-as-a-service companies the bank tracks to gauge sector performance, fell more than 6% this year.
The companies are certainly trying to jump on the AI bandwagon.
Also: AI will transform work more than replace jobs, study finds
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