Internet Software & Services Industry: Criteo and NetEase Stand Out Amid Global Operations, AI Adoption and Economic Resilience

The Internet Software & Services industry is highly correlated to the economy and has seen estimates initially move down due to concerns over tariffs, inflation, and interest rate decisions. However, the economy remains relatively steady, supporting global operations like Criteo and NetEase, which have developed client retention through subscriptions and AI-based operations. Valuations have come down, making the group attractive at these levels. The industry is driven by technology adoption, cloud-first companies, and growing demand for software and services delivered through the Internet.