Software Stocks Face Further Declines, AI to Drive Next Phase

Dan Niles, founder of Niles Investment Management, believes software stocks are far from reaching their lowest point, citing the ongoing conflict in Iran as a contributing factor to the tech sector's downturn. Despite the current challenges, Niles anticipates that agentic artificial intelligence will be the catalyst for the next significant upward trend in technology stocks. He shared these insights during a discussion on Bloomberg's "The Close," highlighting the transformative potential of AI to reshape the industry's future trajectory and create new investment opportunities.