Infrastructure Software is 'Place to Be' Amid AI Trade, Says Fatima Boolani
TL;DR
Fatima Boolani, Co-Head of US Software Equity Research at Citi, argues that infrastructure software is one of the strongest areas within the current AI trade. In the Bloomberg Technology segment, she discusses the tech selloff and separates short-term market pressure from the longer-term demand for AI infrastructure. Her point: AI exposure is not only about models or chips. Cloud, data, security and operations software remain central picks-and-shovels layers.
Nauti's Take
This is the sober AI bet: less spectacle, more operating layer. If companies roll out AI seriously, they need data pipelines, governance, security, monitoring and cost control.
That is where infrastructure software sits. Still, the thesis is not immune to market cycles: if the AI trade unwinds, even solid software names can get hit.
Briefingshow
The AI trade is often framed around chips, model labs and hyperscalers. Boolani’s focus on infrastructure software shifts attention to the layer that makes AI usable, secure and scalable inside companies. That is less flashy than model demos, but often more important for enterprise budgets and margins.
Sources