Why Software Stocks Are Falling as AI Reshapes SaaS

ABOUT THE EPISODE Stefano Puntoni talks about the sharp decline in software stocks and how AI is pressuring traditional SaaS business models. He explains that high-margin, user-based pricing is vulnerable as AI agents lower barriers to entry and make it easier to build competing enterprise tools. Puntoni discusses how companies are rethinking workflows, shifting value toward deep industry expertise rather than standardized platforms, and experimenting with output-based pricing. As AI moves from promise to measurable productivity impact, SaaS margins may compress even if the companies themselves remain essential infrastructure.

ABOUT THE PODCAST This Week in Business features interviews with Wharton faculty about the latest news, fascinating trends, and issues impacting both consumers and the business world. Episodes are recorded at the Wharton School and published twice per week.

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