Seeing a lot of commentary about software/SaaS stocks getting hammered because “AI is going to eat them” — particularly with regards to AIM.

Is this actually a misreading of AIM’s positioning? We have heard directly from Tony during straw meetings that AI is not a threat to the business, and that it is actually a tailwind for their company. So is this a buying opportunity?

• AIM’s core products — live captioning, transcription, translation — have already been transformed by AI. Their LEXI platform is essentially AI at the centre of the service, and that’s where tech revenue growth is coming from, not from legacy human-led services.
• Technology revenue has grown strongly, margins have expanded, and global adoption is increasing.
• Analysts and investors (e.g., Mereweather Capital) have specifically noted that AIM benefits from using AI models internally, not competing as a standalone language model provider.
• The market sell-off seems more about short-term sentiment on tech/AI rotation rather than any fundamental shift in AIM’s TAM (Total Addressable Market) or competitive advantages.

So the provocative question: Is AIM actually one of the ASX SaaS names best positioned for AI-driven growth — rather than most at risk from it?

What do we think — is Mr. Market overreacting to AI headlines here?