I think Corning is the most interesting on this list. It generates crazy revenue from AI but also life sciences, enviro tech and others. Wide moat and would easily survive in a downturn or a cut in AI spending

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Historically this has been a disadvantage, as INTC foundries could not keep up with TSMC. ASML is the safe bet, as it produces the lithography machines for everyone. TSMC is still the best foundry by far, and no one will replace them anytime soon. From a chip production standpoint I'd bet on NVDA, they own CUDA, engineers are used to it - thats great moat.

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maybe private equity because they said SAAS is 20 percent of their loaned out money and their largest allocation now some little kid can remake salesforce for about 500 bucks. i have a friend who made his own crm for a small insurance company he has, don't need the costs of their stuff and their moat evaporated

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Dude. The business is about as basic as it gets. There’s nothing innovative. They have no moat. Stop playing around. It’s cute if they make a little profit but let’s be honest…it’s a shit sandwich.

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how's their moat? while I agree they are popular , have nice services, and in general I like the company and how it treats customers. but what do they offer that's different that Amazon couldn't do?

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Ncino is not a complicated platform at all. Their moat is implementation servicing and as of now api connections. All of which (other than servicing) will be falling by the wayside

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But, uh, Salesforce and ServiceNow are seat based. “Forced to transition” isn’t a fair framing, they’re seat based and adding usage based products. Plus, you’re fundamentally misunderstanding the dynamics behind these models. Obviously seats have better and more stable margin - it’s locked in, you get paid whether they use it or not. But SaaS has started drifting away from that pricing for two enormous reasons: **1)** Clients hate it - they strongly prefer “pay to play” where they perceive better bang for their buck (even if it’s not actually a better deal). **2)** In a leaner, more efficient AI world, seat licenses are already getting cut back dramatically. In fact, if your product implements AI well, then you inherently need less seats to manage it. How are you supposed to sell more seats when your product is getting more efficient? Plus plus, good luck vibes coding a Salesforce… They’ve been oversold on a fundamental misunderstanding of their moat.

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