Market Expression
Which equities should benefit if this thesis is correct — tracked over time as an accountability mechanism.
Not investment advice. We track these equities to see how they confirm or challenge our thesis, not to make investment recommendations. Do your own research.
Reference Index
WisdomTree Cloud Computing Fund(WCLD)
Tracks cloud/SaaS companies — the sector most directly transformed by AI knowledge work
12m
-14.2%Since inception
-1.2%Updated Feb 19, 2026
| Stock | Rationale | 12m | Since Add |
|---|---|---|---|
CRM1st Order Salesforce | -31.0% | -2.3% | |
NOW1st Order ServiceNow | -32.6% | +0.3% | |
MSFT1st Order Microsoft | +6.1% | -0.7% | |
PLTR1st Order Palantir Technologies | +59.8% | +2.6% | |
INTU2nd Order Intuit | -37.9% | -4.5% | |
ACN2nd Order Accenture | -31.1% | -4.1% | |
HUBS2nd Order HubSpot | -58.1% | -1.8% | |
GDDY3rd Order GoDaddy | -50.8% | -0.5% | |
UPWK3rd Order Upwork | +2.1% | +0.7% |
12m
-31.0%Since add
-2.3%Salesforce
Agentforce platform and Einstein AI embed knowledge work automation into the largest enterprise CRM. Sales, service, and marketing workflows are prime AI transformation targets.
12m
-32.6%Since add
+0.3%ServiceNow
Now Assist automates IT and business workflows — the connective tissue of enterprise knowledge work. Every ticket, approval, and process flow is an AI automation candidate.
12m
+6.1%Since add
-0.7%Microsoft
Copilot integration across Office and GitHub makes Microsoft the default AI knowledge work platform for enterprises. Dominant distribution into 400M+ Office seats.
12m
+59.8%Since add
+2.6%Palantir Technologies
AIP platform is the most direct expression of 'Knowledge Programmer' infrastructure — lets enterprises build AI-powered decision workflows on their own data.
12m
-37.9%Since add
-4.5%Intuit
AI tax preparation and accounting automation displaces middle-tier professional services. TurboTax and QuickBooks AI assistants are Knowledge Programmer tools for SMBs.
12m
-31.1%Since add
-4.1%Accenture
The professional services firm adapting fastest to AI — $3B+ in AI consulting bookings. Either transforms successfully (bull case) or its body-shop model gets compressed (bear case). Either way, a barometer for the thesis.
12m
-58.1%Since add
-1.8%HubSpot
AI-powered marketing, sales, and service automation for SMBs. The 'two guys and a tool' pattern runs on HubSpot — small teams using AI to compete with large marketing departments.
12m
-50.8%Since add
-0.5%GoDaddy
AI website builder and digital transformation tools for small businesses. If AI democratizes knowledge work, GoDaddy is the on-ramp for the smallest businesses.
12m
+2.1%Since add
+0.7%Upwork
Freelance platform at the intersection of AI knowledge work disruption — either benefits from more independent Knowledge Programmers or gets disrupted as AI replaces freelance tasks. A thesis barometer.
Prices updated on market close. Returns since addition date.