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Thoma Bravo's Bravo: Software Stocks Oversold Amid AI Challenges

2/12/2026

Summary

Story summary

Orlando Bravo, co-founder of Thoma Bravo, says software stocks are oversold due to insufficient profits among many publicly traded companies.
He warns the sector's reliance on revenue multiples is "very dangerous."
Bravo emphasizes domain expertise as artificial intelligence challenges software companies.
Thoma Bravo, established in 2008, manages over $181 billion and seeks investment opportunities in undervalued public-market companies with decades of experience.

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Story summary

Orlando Bravo, co-founder of Thoma Bravo, says software stocks are oversold due to insufficient profits among many publicly traded companies.
He warns the sector's reliance on revenue multiples is "very dangerous."
Bravo emphasizes domain expertise as artificial intelligence challenges software companies.
Thoma Bravo, established in 2008, manages over $181 billion and seeks investment opportunities in undervalued public-market companies with decades of experience.