High quality compounder that is facing a structural shift right now and nobody, and I mean nobody, knows where it's going to go.
There are too many people who are making absolutes when it comes to software companies. Either they're 100% getting disrupted or 100% going to be fine. The real answer here is that nobody has a clue. Not even the best analysts on the planet.
I have played around with Claude for a month or so now and the things it can do are mind-boggling from a coding standpoint. The new Premium platform I am building out will be built with Claude.
Yes, the coding is only a small portion of what I've done. The data and interpretation of the data is one thing that AI can't really replace and will be the true value of the platform. But, pre Claude and pre-LLM, I probably would have had to pay $50,000+ to develop what I am developing.
Right now, doing any sort of deep dive analysis into these companies is simply a waste, in my opinion. Why? Because a month from now we might have a new piece of tech that completely changes the thesis. Look to Claude Cowork back in January. Or even now, to the legal add on they came out with a few weeks ago.