Citi’s Aganga on AI, Markets and Inflation
TL;DR
Olaolu Aganga of Citi says strong earnings and attractive valuations continue to support US stocks despite recent volatility. She discusses the long-term AI investment cycle, opportunities in cybersecurity and critical metals, and why AI productivity gains are still ahead. Aganga also warns inflation could remain hotter than expected, pushing rates higher and favoring shorter-duration fixed income and gold. She speaks with Anna Edwards on Bloomberg Brief.
Nauti's Take
For small teams, the market narrative becomes useful only after an operational check: test whether AI spending is producing measurable productivity gains and which vendors or infrastructure providers actually capture that value. The inflation warning argues for flexible budgets and shorter planning cycles, especially when cloud, API, or hardware costs are exposed to higher rates and pricing pressure.
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