JPMorgan Analyst Observes Decline in Software Investments

Macro Charts posted on X, JPMorgan analyst Toby Ogg noted a shift in investor sentiment towards software. After meeting over 50 investors in Europe and the US, Ogg found reduced software holdings in the past 12 to 18 months. Despite recent pullbacks, investor interest remains low. Ogg stated that better-than-expected results are insufficient unless companies prove AI as a sustainable growth driver. He emphasized the need for software firms to demonstrate AI's positive impact on growth.