Market videos

Ali Mogharabi argues software needs to be assessed company by company as AI changes pricing and competition. Ahead of the earnings releases discussed, he cites around 2.25 billion as the Street’s AppLovin guidance benchmark and wants better evidence of AI monetisation. For HubSpot he wants stronger customer additions and retention; for Snap, sustained free cash flow and clearer spending on Specs. He favours hyperscalers’ access to capital and broad businesses, while arguing that proprietary data makes specialist software harder to replace.