Software isn't dying - it's expanding.
$ServiceNow(NOW)$ , $Microsoft(MSFT)$ , $Adobe(ADBE)$ , $Palantir Technologies Inc.(PLTR)$ , $Oracle(ORCL)$ and the entire software stack are quietly entering a new phase where demand isn't shrinking, it's accelerating.
2026 job trends already point higher for software roles, not lower. That's the key signal most people miss. AI isn't replacing software engineers at scale - it's amplifying output per engineer, which increases total demand for builders, not reduces it.
The market still struggles with this concept: a productivity multiplier doesn't equal job destruction.
Over time, the narrative will catch up. Software names won't just survive the AI wave - they'll be the ones compounding through it.
This is a longer-term re-rating story, not a short-term fear trade.
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