Finance

Dan Ives Names 5 Software Buys Amid 'Armageddon' for Software Stocks

Wedbush analyst Dan Ives argues the software sector’s so-called “Software Armageddon” is exaggerated, naming five stocks he sees as potential winners. The picks—Microsoft, Palantir, CrowdStrike, Snowflake and Salesforce—frame an investment thesis that resilience may outpace the downturn as AI pushbacks and data-migration risks temper near-term enthusiasm.

📅 February 05, 2026
⏱️ 2 min read
Dan Ives Names 5 Software Buys Amid 'Armageddon' for Software Stocks

Key Takeaways

  • Dan Ives names Microsoft, Palantir, CrowdStrike, Snowflake, and Salesforce as top software buys.
  • He argues the supposed Armageddon is overstated and that entrenched software ecosystems will matter.
  • AI migration risk and data-migration concerns are keeping enterprise budgets cautious, delaying large AI migrations.
  • The recommended stocks are down roughly 3%–14% this week and 11%–25% in 2026.

People Involved

  • Dan IvesWedbush analyst

Entities Involved

  • Microsoft (MSFT)Software and cloud computing company
  • Palantir Technologies (PLTR)Data analytics software company
  • CrowdStrike Holdings (CRWD)Cybersecurity software company
  • Snowflake (SNOW)Cloud data platform provider
  • Salesforce (CRM)CRM software provider
  • AnthropicAI startup behind Claude

MarketMoodz Analysis

Investors get a five-stock idea set in the middle of an AI spending cycle. Ives argues the downturn is not a structural collapse but a rotation driven by risk about large-scale AI deployments and the difficulty of migrating data and integrating legacy systems. The result could leave incumbents with durable franchises even as new entrants seek share.

From a historical perspective, software cycles swing between fear and relief as enterprises update infrastructure, migrate workloads, and deploy AI in stages. Incumbents have tended to outperform during migration waves, and CNBC’s framing of Anthropic’s Claude with broader AI competition underscores why capacity and data-protection capabilities matter for enterprise buyers.

Source: Original Article

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