What Happens to Software Stocks When Nobody Opens Apps Anymore? Microsoft Has a Head Start.

Bank of America has flagged a long-term risk for enterprise software companies. As AI assistants become the main way people work, users may stop opening individual apps altogether. Instead, they would simply ask a chatbot to get things done. BofA warned this could hurt even companies that own valuable data and workflows. It also said leading AI labs could eventually build competing apps of their own. Among the big names, though, BofA sees Microsoft (MSFT) as best positioned to own this new way of working, thanks to Office, Teams, Outlook, Windows, and its Copilot strategy.

Copilot Is Already Part of the Daily Routine