AI interfaces pose long-term risk for software cos; BofA sees Microsoft well positioned

What happened: Bank of America said AI assistants becoming the main way people use software could challenge enterprise software vendors. It viewed Microsoft (MSFT), Salesforce (CRM), and ServiceNow (NOW) as positioned to adapt. Why it matters: The brokerage sees a long-term risk to enterprise software vendors if AI assistants replace traditional software interfaces, while naming three companies it believes can adjust to that shift. Key numbers: None.

Bank of America said AI assistants becoming the main way people use software could challenge enterprise software vendors. It viewed Microsoft (MSFT), Salesforce (CRM), and ServiceNow (NOW) as positioned to adapt.

The brokerage sees a long-term risk to enterprise software vendors if AI assistants replace traditional software interfaces, while naming three companies it believes can adjust to that shift. Key numbers: None.