The best long-term value in this market is sitting in the AI losers (JPMorgan).
By Vlad from Bastion on
$ADBE $CRM $NOW
While everyone hunts for the next AI winners, JPM says the best return potential is in the group of stocks supposedly falling victim to AI.
The fear: AI tools will destroy the economics of incumbent software. But the market has already priced a catastrophic scenario into the multiples. The business collapse may actually happen, or it may not.
This is the exact setup where "dead stocks" turned into the best performers of the next cycle.