Infrastructure Software is 'Place to Be' Amid AI Trade, Says Fatima Boolani
TL;DR
Bloomberg Technology interviewed Fatima Boolani, Co-Head of US Software Equity Research at Citi, about the tech selloff and the AI trade. Boolani’s core view: infrastructure software remains the stronger place to look because AI buildouts depend on cloud, data, security, and developer platforms. The segment frames infrastructure software against the more volatile AI-stock narrative. The point is the operating layer behind AI, not the next flashy demo.
Nauti's Take
This is not a wildly contrarian call, but it is a useful reality check. The AI trade looks like a model and chip race on the surface; in daily work, projects break more often on data access, permissions, integration, and governance.
Infrastructure software is less flashy, but closer to the budgets companies actually approve. The catch: without specific names, the Bloomberg clip is more analyst TV than an actionable shopping list.
Briefingshow
AI investors often chase the visible winners: chips, models, chatbots. Boolani’s point shifts attention to the software layer that makes AI usable, secure, and scalable inside companies. For operators, that is more practical than market noise: once AI moves into workflows, access control, data flow, monitoring, and cost discipline matter.
Sources