TLDR Tech / Founders
How Markets Price AI Risk (3 minute read)
Vertical software stocks are down 43% from their highs. DevTools are down 21%. The gap doesn't track with which sectors AI can actually replace - it correlates almost perfectly with growth rates. Slow growers (8-11%) are getting crushed while faster growers (21-22%) are holding up. The market isn't pricing in AI disruption. It's pricing in who can outrun it.
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