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CNBC’s Jim Cramer said Wednesday that he believes plenty of software companies will survive the threat of AI disruption, rejecting the most doomsday predictions.
Still, he cautioned that investors also shouldn’t hold their breathes for a return to the glory days when investors paid major premiums for their stocks.
“The software companies are survivors. They can merge. They can adapt. They can do whatever is really necessary to get it so they stay in business,” Cramer said Wednesday on “Mad Money,” but he added, “they’re priced for perfection though and they do seem to have, let’s say, kind of a rugby-scrum feel about them — and we don’t pay up for scrum.”
