The Unsettling Future of Software: Procore's Struggle Amidst AI Concerns A recent investor letter from Wasatch Global Investors has shed light on a phenomenon in the tech world.
Among strong gains experienced by small cap equities in Q2 2026, largely driven by artificial intelligence (AI) related companies, lies a cautionary tale of disruption and resilience. Procore Technologies, Inc.
, a leading construction management platform provider, found itself at the center of these concerns. Procore stands out as an example of how companies can adapt to AI driven changes.