It’s No Longer Doom and Gloom for These 3 ‘AI Doom’ Stocks

Artificial intelligence has been a disruptive technology from Day One. The ability to utilize machine learning to analyze data and automate tasks took gigantic leaps forward in recent years with the advent of generative AI and now agentic AI — the ability for AI systems to take actions, make decisions, and adapt with little input from human users continues to have a widespread impact on many industries.

While AI has brought about plenty of winners in the stock market — companies like Nvidia (NVDA), Alphabet (GOOG) (GOOGL), and Palantir Technologies (PLTR) come to mind — there’s been great fear that it could be a killer for others, particularly in the software-as-a-service (SaaS) segment. Companies that have sold traditional software and workflow automation tools that can be done through agentic AI were seen as particularly in jeopardy. Bespoke Investment Group refers to them as “AI Doom” stocks.