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Check your bank statement, and you will probably find a subscription you forgot to cancel. Maybe it is a streaming service you opened twice, or a fitness app left over from a January resolution.
Software makers have quietly counted on that forgetfulness for years. Now a new class of personal AI agents promises to catch those charges, cancel them and haggle over the rest.
That sounds like a threat to tech. It is really a transfer, and the bigger question for investors is where the money lands.
Agents move money from apps to the plumbing
OpenAI’s Dots, launched on Tuesday, Sept. 29, 2026, work around the clock on their own cloud computer research, and manage tasks without waiting to be asked, and the service went viral
According to the Bank of America note shared with TheStreet, that shift hits software sold to consumers and small businesses the hardest. Analysts led by Tal Liani said the low end of the market has “less complex customer requirements and greater price sensitivity.”
The bank flagged 10 names at risk: Asana, BlackLine, Dropbox, Hinge Health, HubSpot, Intuit, Monday.com, Paycom, Paylocity, and Zoom.
Yet “at risk” does not mean “sell,” since BofA still rates four of them, including Zoom, a Buy.
The other list matters more. If agents do more work, someone must supply the computing power, watch for errors, and store the data.
Nonstop agents need nonstop computing power
A chatbot uses computing power only when you type a question. An agent that works while you sleep keeps renting chips all night.
That is BofA’s case for CoreWeave (CRWV), Nebius Group (NBIS) and Oracle (ORCL), all rated Buy. The note even flags potentially stronger pricing for these chip landlords.
In my view, that is the underrated twist. Agents may squeeze what we pay for apps while handing pricing power to the companies that run them.
BofA’s $140 CoreWeave target sits almost exactly on the Street average since nine analysts there still rate the stock a Hold
Nebius draws more conviction. BofA’s $310 target tops the $284Stock Analysis average.
Oracle is where the gap is widest. Based on prices in the note, BofA’s $240 target implied roughly 75% upside. Even Morgan Stanley’s neutral call carries a $210 target well above where the stock traded.
