A former Morgan Stanley executive says the rise of AI agents could soon fracture the tightly linked tech trade that has defined markets for years.
In a series of posts on X, Jordi Visser says a structural shift is coming as AI agents begin to change how work is done and how software companies are valued.
Visser says the change is a break in correlations across assets built on code.
“At some point this year, the rise of AI agents to forever change the way work is done will lead to a break in correlations with investments and assets built on code.”
He says that so far, weakness in software-as-a-service (SaaS) names has dragged down nearly everything in its path.
“SaaS has hit everything, including crypto and agentic winners like Palantir. They need AI agents to be winners while SaaS suffers.”
Visser points to a recent trading session as a potential early signal of that decoupling.
“[On Feb 7th], PLTR and BTC are up on a strong rally day with ADBE and CRM down, is more important as a signal than people realize, in my opinion. AI agents hurt many but help some.”
He adds that he is watching Palantir (PLTR) closely for evidence that investors are beginning to distinguish between traditional SaaS models and companies positioned around AI agents. According to the analyst, PLTR and Bitcoin are his top picks in the upcoming agentic wave.
“I will continue to watch PLTR for signs that investors are starting to look for opportunities within the SaaS unwind. PLTR over MSFT fits my theme of new winners in the agentic world and the hyperscaler risks from DC delays, increased spending, China competition and long duration asset multiple compression.”
Visser appears to suggest that AI agents may not lift all tech boats equally, potentially creating a new class of winners and losers inside the sector.
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.