Bill Gurley Urges Buying Oversold SaaS Stocks

Venture capitalist Bill Gurley told CNBC's Squawk Box that investors who still believe in software-as-a-service should consider buying discounted SaaS stocks amid widespread AI-driven price declines, likening the panic to past tech disruptions like Facebook's mobile transition. He also warned about circular AI–infrastructure deal structures exemplified by Microsoft–OpenAI and Meta–AMD, and called AI "jet fuel" for workers' productivity.