Goldman Sachs Identifies Software Stocks with 'Moats' Against AI Disruption

• Goldman Sachs analysts identify software companies resilient to AI disruption despite recent sector downturn.
• AI tools are seen as an intelligent layer, not a foundational replacement, relying on existing 'systems of record' (SoR) for data.
• SoR companies like SAP, Salesforce, Oracle, and Workday possess decades of robust data validation and governance.
• Goldman highlights business models with architectural 'moats' beyond the application layer.
• Snowflake, MongoDB, Shopify, and CrowdStrike are among Goldman's buy-rated picks, with analysts seeing significant upside for Shopify and MongoDB.