The narrative around enterprise software facing extinction from generative AI has been overstated. Current market dynamics reveal that established software companies are adapting to the technologies they once viewed as threats. Companies like Salesforce and Microsoft leverage AI advancements to enhance their services rather than face replacement. Investors should recognize the continuity and institutional knowledge within these firms. As a result, many enterprise software stocks are becoming incredibly attractive at current valuations. Observing these trends can guide investment decisions in a rapidly evolving tech landscape.