Being a software as a service (SaaS) stock in today’s market has got to be one of the toughest positions to be in, especially for the shareholders who find themselves with some of those names in their portfolios. Rightly or wrongly, the market had placed shares of Autodesk Inc. (NASDAQ: ADSK) in that losing bucket for a few months, until common sense (which isn’t so common) stepped back into the scene.
With artificial intelligence being commercialized, anyone with a ChatGPT subscription and a few days of work can replicate some of these software services and applications, perhaps not on a grand scale, but for personal use. That availability is a direct threat to some of these technology stocks, but not for Autodesk, and here’s why.
