Software stocks have lost over 1trillioninmarketvalueasAIdisruptionshiftsfromtheorytoreality.Webreakdownwhythefourpillarsofsoftwareeconomics(pricingpower,walletshare,seatvolume,andmargins)areundersimultaneousthreat,andwhereselectiveopportunitiesmayemergeinthewreckage.Softwarestockslost1 trillion in market value as AI disruption shifts from theory to reality. We break down why the four pillars of software economics (pricing power, wallet share, seat volume, and margins) are under simultaneous threat, and where selective opportunities may emerge in the wreckage.Software stocks lost 1T+ as AI disruption goes from theory to reality. Range's CIO analyzes the four pillars under threat and what comes next for investors.