It’s a huge gamble but they have no choice but to take it. Most their software will be rendered obsolete by AI (I’ve vibecoded replacements saving millions already, companies everywhere are doing this right now).

So they have to hope they’re a part of the future in the AI capacity because their SaaS business is going to take a big hit.

YTD performance didn’t fully bake this reality in. It was seen as them having 2 huge revenue streams, the market is realizing that AI is a threat to SaaS and baking that into stonks