Please stay tuned for important disclosure information at the conclusion of this episode. Hello and welcome to the Morning Filter podcast.

I'm Susan Jubinsky with Morningstar.

Every Monday before market open, I sit down with Morningstar chief U.S. market strategist Dave

Sikara to talk about what investors should have on their

radars for the week, some new morning star research, and a few stock ideas. Before we get started,

we have two programming notes. First, we will not be streaming a new episode of the morning

filter next Monday, February 16th due to the President's Day holiday. Second, we wanted to let the audience know that we dropped a bonus episode of the Morning Filter last week.

I interviewed MorningStars European Market Strategist about international stock opportunities.

We'll be doing more bonus episodes in the future based on your questions and feedback, so keep them coming.

You can reach us via our inbox at the morning filter at morningstar.com. All right, good morning, Dave.

Let's kick off this week by reviewing last week's market movement.

We saw a multi-day sell-off in tech last week with stocks like Microsoft, Salesforce service now.

I'll finish the week down between 7 and 14%.

And of course, these are names that Morning Star has been recommending over the past year or so.

So tell us what your take is on this ongoing pullback in these names.

Is AI just going to eat the lunch of software companies?

Oh, good morning, Susan. What a way to start the show. So as far as like the software stocks, I mean, they'd all been falling for at least the past year now,

if not even, you know, a little bit longer. And to be honest, I think it is a little

unknowable exactly how it's going to

work out, how it's going to evolve, how AI and software are going to interact with one another.

So I really recommend to investors to read a note that was recently published by Dan Romanov. He's

our equity analyst that covers a lot of these software names. The title to it is, the only thing to

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