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Columbia Seligman Global Technology Fund: GoDaddy’s Stock Price Falls Due to AI Disruption and Profit Margin Concerns
svmuu.com30/07/2026 09:26
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In its second-quarter 2026 investor letter, the Columbia Seligman Global Technology Fund noted that the stock price of website design and hosting company GoDaddy (NYSE: GDDY) fell during the second quarter, primarily due to market concerns about the disruptive impact of artificial intelligence (AI) and pressure on profit margins. The fund stated that GoDaddy faces competition from AI startups, which claim they will capture market share in the website design business and other software sectors, leading to the company’s underperformance.
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