Infrastructure Software is 'Place to Be' Amid AI Trade, Says Fatima Boolani
TL;DR
Fatima Boolani, Citi’s Co-Head of US Software Equity Research, discussed the tech selloff on Bloomberg through the lens of the AI trade. Her core point: infrastructure software is the stronger place to be because compute, data pipelines, security and operations all sit there. The clip is mainly a market thesis: investors are looking past flashy AI demos toward software that makes AI usable in production.
Nauti's Take
This is not a shocking thesis, but it is a useful correction. AI hype still treats models and GPUs as the only real value pools.
For companies, the bill starts after that: connecting data, securing workflows, controlling costs and meeting compliance demands. That makes infrastructure software a sturdier bet than many AI app stories.
Briefingshow
The AI boom is usually framed around chips, models and consumer apps. Boolani shifts the discussion to a less flashy but more durable layer: who gets paid when companies actually have to run AI at scale? Infrastructure software can benefit without needing to win every model race.
Sources