• AI is creating more software jobs, not less.
• However, jobs are shifting from junior to senior positions.
• Stock market fears software companies are going to be disrupted by AI, giving them lower valuations.
• However, software companies are still growing and profitable for now.

Job

Citadel: Job Postings For Software Engineers Are Rapidly Rising

Yardeni: Information Technology: Creative Destruction on Speed

Harvard: Résumé and Job Posting Data

Stack Overflow: Why demand for code is infinite: How AI creates more developer jobs

Not only is there a future for software development, but we’re on the cusp of enormous demand for code developed by humans.

Valorisation

Yardeni: Information Technology: Creative Destruction on Speed

IGV (software ETF) vs S&P500 vs SOXX (semiconductor ETF)

Example: ServiceNow

Private Credit & Equity

Bloomberg: Private Credit Has an AI Software Problem

Bloomberg: Software Make Up Nearly Half of Private Equity Deals

S&P Global: Software Debt Sell-Off Signals Cyclical Turn for Private Equity and Credit