Why agentic coding is overrated and an univestable category “I actually do think that agentic coding is quite overrated in terms of a market, because I think it moves to the model provider. The model itself is where most of the value is coming from. I do not think it is the harness or the IDE so much. It is not super sticky. People move between these things pretty fluidly. I think agentic coding as a market, modulo the model providers, is something I would not invest in today.”…