Software Stocks Crashed. This CEO Says the Business Has Never Been Stronger

Is Wall Street getting the AI threat to software stocks all wrong? When fears of a "SaaSpocalypse" sent software stocks plunging, Canadian tech company Kinaxis (KXS.TO) lost roughly 30% of its value. But according to its new CEO, Razat Gaurav, the business was actually getting stronger. With revenue doubling since 2023 and growing demand from global customers including General Motors, Unilever and Merck, Gaurav believes Kinaxis has the potential to double or even triple in size. He joins Amber Kanwar to explain why AI won't replace the company's supply chain software, how it's using AI to accelerate growth, and why investors may be misunderstanding the future of enterprise software. Gaurav also discusses the economics of AI, including rising token usage, whether AI companies are subsidizing their products, and the potential for over investment to create another tech bubble. He explains why Kinaxis is increasing R&D spending while maintaining a debt-free balance sheet, how a partnership with Nvidia is making its technology dramatically faster, and what tariffs, geopolitical tensions and global supply chain disruptions mean for customer demand. Plus, could Kinaxis be headed for a U.S. stock exchange—or become Canada's next big tech takeover? Gaurav addresses plans for a potential U.S. dual listing, acquisition opportunities, takeover speculation and why he believes the company's biggest growth opportunities are still ahead. Timestamps 00:00 Trailer  02:07 Intro 04:05 What Kinaxis Does for Global Companies 07:11 How AI and Changing Consumer Habits Reshape Supply Chains 09:26 A New CEO Meets the “SaaSpocalypse” 11:33 Why Kinaxis’ Business Fundamentals Stayed Strong 14:13 Can You Vibe-Code a Supply Chain Platform? 18:33 What LLMs Can—and Can’t—Do for Enterprise Software 20:30 The Enterprise Tech Stack: Systems of Record, Semantics, and Context 23:10 Why One Merck Change Can Trigger 18,000 Recalculations 26:59 AI, Pricing, and Kinaxis’ Profit Margins 29:31 Why Kinaxis Pricing Isn’t Based on Seats 31:37 Token Maxing: AI Costs, Model Choices, and Productivity 37:36 Why Kinaxis Isn’t Borrowing to Chase Growth 41:57 AI Investment Booms, Bubbles, and Lessons from Tech History 44:22 Stock Market Fears vs. Business Reality 47:48 Kinaxis’ Canadian Roots and Global Business 50:40 Kinaxis’ Plans for a U.S. Dual Listing 51:35 NVIDIA Partnership: Faster Supply Chain Optimization 52:48 Why Kinaxis Is Focused on Organic Growth 59:59 Closing Bell: Hiking, Sailing, Travel, and Wine Sponsors Thanks to our partners at Guardian Capital LP. 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Always consult with a qualified financial advisor or professional before making any investment decisions. In the Money delivers expert stock picks, actionable ideas, and timely money management tips. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers who suggest ways to achieve good returns. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy. Contact: [email protected] #IntheMoney #Investing #StockMarket #CanadianInvesting #FinancialNews