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You have two choices: 1. This is the beginning of the end of the AI replacement cycle. Everything up until now was false alarms and mis/disinformation. You can start to scale back into these companies because, once the noise subsides, these companies are durable and will be around roughly in the same or better position in 10 years. 2. This is the beginning of the beginning of the AI replacement cycle. Customer churn slowly ticks up. NDR slowly ticks down, RPO begins to be discounted - initially by a little, then by a lot. SBC gets minimized, FCF gets maximized. Valuations become exercised in seeing which assumptions are reliable and which are unreliable - all roads lead to more vol an a general downward trend on price and multiples. Good luck to all the players.