The tech sector is facing a massive dislocation as Google's $185 billion AI investment spooks investors while software stocks lose $300 billion in a single week. Are we witnessing the death of the SaaS business model, or is this the greatest buying opportunity since the 2023 bottom? Explore why the 'sell everything' panic in software mirrors the premature eulogies for Google search and what the GLP-1 battle reveals about the risks of being a first-mover in pharma.