Mar. 22 at 2:31 PM
$GOOGL $NOW $SPGI: “DEAD” BUSINESS MODELS THAT KEEP PRINTING
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Remember when “ChatGPT kills Google in 6 months”?
$GOOGL:
$178.40 (+14% YTD)
Search revenue still growing.
Same skepticism, different sectors:
Enterprise Software
$NOW
AI was supposed to make workflow automation obsolete.
$NOW at
$892.10 — up 22% this year.
Professional Information
$WKL
Legal/health info was “too slow for AI.”
$WKL:
$168.20 (+9% in 2026).
Financial Data
$SPGI
“AI will replace data terminals.”
$SPGI:
$524.30 — trading near all-time highs.
Consensus loves to call dominant models dead.
The market keeps paying for moats.
Be skeptical when they tell you a cash-generating machine is obsolete.
History rhymes.