Post

The AI trade is entering a more demanding phase: infrastructure demand remains intact, but investors are increasingly asking where that spending becomes durable software revenue. Marvell's 37% revenue growth and stronger guidance validate the buildout, while CrowdStrike's 26% revenue growth, 51% rise in net new ARR to $333M, and higher full-year outlook show what successful monetization can look like. My read is that the next divide will be less about who uses AI in the narrative and more about who converts it into orders, recurring revenue, and free cash flow. That should reward execution and expose weak operating leverage. Not advice, just analysis. #AIShiftsToSoftware