Here is an interesting chart: it shows how, for a solid twenty months, traffic has been diminishing with Wikipedia. This certainly makes a certain amount of sense, since these days any web search (or Copilot or Gemini or what have you) is going to give most people just about all the information they require.
It made me wonder what stocks will likewise be affected by AI’s spread. For instance, I’ve noticed Duolingo (DUOL) is down about 75% since last May (!!!!!!!), presumably because free AI tools are becoming so widespread. After some research, I offer below other ideas about stocks which might not welcome AI’s dominance in the months and years ahead.
ADBE – Generative AI excels at creative tasks like image and video generation, directly competing with Adobe’s design software suite and slowing revenue growth amid fears of disruption.
CRM – AI-driven productivity tools and agentic systems can automate sales processes and customer relationship management, potentially eroding demand for Salesforce’s core software services.
INTU – While Intuit has integrated AI, broader generative tools (including from competitors) threaten its tax preparation and accounting software by enabling users to automate filings and financial management more directly, raising concerns about subscription retention.
MNDY – As a task management platform, it risks obsolescence from AI tools that allow users to build and automate workflows without third-party software.
NICE – Focused on customer experience and contact center software, Nice is vulnerable to AI agents fully automating customer service interactions, reducing the need for human-supervised platforms and traditional call center analytics.
NOW – AI agents can handle IT service management and workflow automation, threatening ServiceNow’s business model as companies shift to consumption-based AI solutions.
TEAM – Collaboration and project management tools face disruption from AI that enables custom software development and automates team tasks, impacting Atlassian’s growth
WDAY – This HR and financial management software provider faces threats from AI-driven productivity tools that automate hiring, payroll, and workforce processes, potentially eroding the need for its subscription-based enterprise solutions.
As for my own fate, I think I’ll be able to live out my own years without unemployment. No computer is ever going to offer up the saucy mix of steely-eyed technical analysis alloyed with dick jokes and rakish double entendres like me. I’ll be fine.
