Hedge fund founder Eric Jackson announced short positions in Asana, Salesforce, Five9, DocuSign, and Atlassian, citing an “AI Paradox”.
Jackson’s study of 716 earnings calls showed top‑quintile AI‑dense firms underperformed peers by 5.4% over the following 90 days (p‑value 0.043).
Despite the short report, all five stocks rose on Tuesday, with Atlassian up 1.7% and Asana gaining 2.9%.
Jackson highlighted Chegg’s collapse from a $14 billion valuation to $0.67 per share after ChatGPT’s launch, illustrating AI‑driven disruption.