The Only 4 Things That Matter In Software Right Now

Wall Street is lumping all software stocks together and selling them off. That's a mistake. I walk through the 4-box checklist I use to find the software stocks that will actually recover — and which ones to avoid.0:00 — Snowflake replaces Salesforce CRM, saves $5M/year01:22 — Wall Street lumping all software into one basket02:17 — Software stock charts breaking down (Salesforce, ServiceNow, Adobe, Trade Desk)04:08 — The vibe coding bear argument06:22 — Why Wall Street is making a big mistake08:02 — Legacy software vs. the new infrastructure layer10:16 — Software that actually does the work vs. UI software15:08 — Snowflake proves growth without headcount (30% revenue growth, +37 employees)17:39 — "Growth is no longer tied to headcount"23:02 — The 4-Box Checklist begins24:18 — Box 1: Where does the software live in the stack?28:01 — Box 2: Is AI adoption accelerating?31:21 — Box 3: Is revenue decoupling from headcount?34:03 — Box 4: Does the chart confirm it?40:54 — Recap and key takeaways