{
  "id": 2167297,
  "title": "Musterdepot Zukunft: Plattformen statt Chips – drei Aktien, die von KI auf besondere Weise profitieren",
  "url": "https://urgent.news/2026/08/20/musterdepot-zukunft-plattformen-statt-chips-drei-aktien-die-von-ki",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T15:32:18.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/finanzen/anlagestrategie/musterdepots/aktien-plattformen-statt-chips-drei-aktien-die-von-ki-profitieren/100247803.html"
  },
  "original_language": "de",
  "account": "In recent financial quarters, a potential shift in sentiment towards technology stocks has become evident. While semiconductor manufacturers, data centers, and AI infrastructure dominated investor attention for several quarters, software and platform companies are gaining more prominence. Early fears of a \"SaaSpocalypse\" - a scenario in which generative AI technology poses a threat to traditional software firms - have given way to a more nuanced view. Morningstar recently highlighted early signs of a shift from chip to software stocks. Three companies from this sector have been added to the new Musterdepot Zukunft investment portfolio. They are ServiceNow, Autodesk, and Booking Holdings. ServiceNow offers a software platform for managing IT processes, customer service, and human resources in large corporations. In the second quarter, recurring revenue grew by 24.5 percent to nearly four billion US dollars. With annual revenues exceeding 13 billion US dollars, this represents robust growth momentum, further supported by a pipeline of 29 billion US dollars in upcoming orders. AI now accounts for over a billion US dollars in annual contract value. On a month-to-month basis, the stock is up around 20 percent. To secure its market position, ServiceNow has acquired specialized providers for AI assistants and cybersecurity. The company aims to become a strong player in the cybersecurity market by consolidating different security agents on a single platform and controlling them centrally. Discovering a threat from one agent automatically closes security gaps or adjusts access rights in real-time. Switching to a competitor would pose significant operational risks for customers. Embedding AI models in workflows Autodesk's business model relies on recurring subscription revenues from architecture and design software. Second-quarter earnings grew 18 percent, to 1.76 billion US dollars, with an EBIT margin of 28 percent. In recent weeks, the stock has gained about 15 percent. The long-term vision involves embedding AI models into the complex workflows of architects and engineers. The AI automates time-consuming design, static, and calculation steps within protected file formats of the software. The goal is to establish AI as the central control hub for customers, ensuring the software's indispensability. This could solidify Autodesk's market dominance and position. Booking Holdings profits from AI in two ways The third new addition is Booking Holdings, a digital platform for accommodation and travel bookings. It earns a commission on every booking. In the latest quarter, revenue grew 16 percent, with double-digit increases in booking volumes. On a monthly basis, the stock is up about 18 percent. AI strengthens Booking Holdings' business model in two ways: the company saves costs through AI-driven customer consulting and builds AI assistants for travel planning. Both developments boost net cash flow after accounting for cloud costs. Additionally, AI technology should enhance existing programs rather than replace them. Companies with easily interchangeable products may face pressure in this regard. That's why we selected individual stocks where we believe AI will translate into lasting profits. For more, see Ed Yardeni's analysis, \"Anyone who has another job should just buy the Nasdaq 100.\"",
  "summary": "Bislang standen Halbleiter und KI-Infrastruktur im Fokus der Anleger. Doch ausgerechnet Software- und Plattformfirmen überraschen nun positiv.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}