← Leaderboard
SK
Scott Kessler
Third Bridge (global sector lead, TMT)
First call on the ledger
No calls filed yet. Quotes in curly quotation marks are verbatim; everything
else is a labeled paraphrase. Every call links its original source. Before you trust the call, check the record.
Where they stand
Views on the record but not scoreable bets: no single number and deadline to grade. Shown in their exact words, never scored.
Ahead of Alphabet earnings that week. He says Third Bridge expert calls consistently find LLM usage is not yet displacing Google, alternatives 'aren't monetizing with advertising' @35:13, and 'it's going to take a number of quarters at this point' @35:24 before AI hits the model.
“it's not at this point disrupting or displacing Google. That might not happen for another couple of years.”
Asked about Morgan Stanley downgrading Adobe and Salesforce. He argues software is not a monolith: enterprise vendors selling need-to-have, data-heavy, trusted solutions who invest in their own AI will navigate AI disruption, and notes cybersecurity has traded very differently from application software in 2026.
“we think those companies are probably better positioned to kind of navigate the treacherous waters that AI has kind of put before them.”
Follow Scott Kessler
One short email when Scott puts a new call on the record, and when a verdict lands on one. Plain words, free.