Bahnsen Group Challenges SaaSpocalypse: Energy Costs and Computing Power Are Natural Disruption Decelerant

The Bahnsen Group·medium signal

The Bahnsen Group's April 17 Dividend Café argues that AI disruption of SaaS is being overestimated because the computing power and energy required for agentic AI at scale 'serves as a natural decelerant.' They advocate company-by-company analysis over sector-wide selloffs, positioning AI as a complement to human labor rather than a substitute — particularly in the software space. The piece repudiates the 'baby-bathwater' approach that has wiped $2T from SaaS market caps, arguing nuance matters more than narratives.