Wedbush analyst: Software is the "heart and lungs" of the AI revolution, Wall Street has made a mistake.

Wedbush analyst and technology stock bull Dan Ives recently stated that Wall Street may have made a mistake in judging the software sector in terms of artificial intelligence trading. He pointed out that while the hype in the AI field is mostly focused on data centers, chips, and GPUs, software is the "heart and lungs of the AI revolution." Views that suggest "large software companies like Salesforce and ServiceNow are facing structural collapse" or "will be replaced by AI-native tools" are incorrect.