It's Hard To Defend Investment Case For Software, But Goldman Delta-One Desk-Head Warns 'Watch Credit'

Software bounced yesterday on the Anthropic Cowork day and partnership headlines with a series of enterprise wide connectors that helped ignite a rally in the sector.

That may reassure some that select incumbents are relative winners, but Goldman Sachs Delta-One desk-head, Rich Privorotsky, warns that risks misreading what is happening.

Suffice it to say I remain skeptical.