AI Is Splitting Software Into Winners and Losers, Citi’s Tyler Radke Says

Citi’s Tyler Radke says AI is creating software winners and losers. He expects Microsoft’s revenue growth to top 20% while Adobe feels pressure as AI projects absorb corporate budgets. Radke, Citi’s co-head of US software equity research, told Bloomberg Television the sector looked very different earlier this year. At that point, a chip stock at the bottom of its sector still beat software’s top performer. Who Are the Software Winners and Losers as AI Reshapes Budgets? In the Bloomberg interview, Radke said AI is lifting growth at Microsoft, Palantir, and Snowflake, a cloud data company. In contrast, Adobe and smaller application vendors face pressure as information technology (IT) budgets shift to AI, he said.

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