AI Is Rewriting Software
Mert@mert
The idea
I believe AI is still early in rewriting how software gets built and used, so this owns the full stack: chips and cloud platforms that run AI, plus the software companies that get more useful as agents start doing real work inside businesses. Software took a hit this year on fears that agents replace apps, so a chunk leans into that doubted side. It also holds identity and security names, since agents acting on their own need even more verification than people do. Five layers, a steady core, and cash on the side to add when prices drop.
What will be bought
- Every AI model and agent runs on these chips, so they get paid regardless of which software wins. · NVIDIA CorporationMost AI models are trained and run on its chips, making it the most direct way to own the AI build-out., Taiwan Semiconductor ManufacturingNearly every advanced AI chip, including Nvidia's and Broadcom's, gets made here, and AI chip demand still exceeds supply., Broadcom Inc.It designs custom AI chips for big cloud companies that want an alternative to Nvidia, getting paid however that competition resolves., Micron TechnologyAI chips need huge amounts of fast memory, and it is one of only a few companies that make it.25%
- The big clouds rent out AI computing and sell the models businesses build on top of them. · Microsoft CorporationIt rents out the cloud AI runs on and builds AI into Office through Copilot, getting paid whether businesses build their own agents or use its., Alphabet Inc.It makes its own AI models, its own AI chips, and sells cloud, covering more of the shift in how software gets used than most., Amazon.com Inc.AWS is the biggest cloud, so a lot of AI agent work runs on its servers as spending shifts to AI infrastructure., Oracle CorporationIt is building huge AI data centers, making it an aggressive bet on the computing build-out ahead.24%
- These companies hold the business data and workflows that AI agents need to plug into to get real work done. · ServiceNow Inc.It runs the IT, HR and support workflows inside big companies, which is exactly where AI agents get deployed to work., Palantir TechnologiesIt sells the software that lets governments and companies point AI at their own data and act on it in practice., CRM, Snowflake Inc.It stores and organizes company data, and AI agents are only as good as the data they can read.20%
- When software acts on its own, companies need to verify and control what every agent is allowed to do. · CrowdStrike HoldingsIt protects company computers and cloud servers, and every AI agent is one more thing an attacker can hijack., Palo Alto NetworksIt is one of the biggest security companies and has been pushing into identity security as AI agents need more oversight., Cloudflare Inc.It sits in front of a big share of the web and decides which visitors get through, a gatekeeper job worth more as traffic comes from agents., Okta Inc.It manages who gets to log in to what, and agents acting on their own need their own identities and permissions checked.13%
- As AI writes more code, the tools that store, ship and monitor that code get used more frequently. · Datadog Inc.If AI writes more of the code, more software ships faster and more of it breaks, and it is how companies watch their software while it runs., GitLab Inc.It is the pipeline where code gets stored, tested and shipped, so if AI agents write more code, more flows through it., MongoDB Inc.It is a database developers like for building new apps, including AI ones, and needs new AI projects to keep choosing it.10%
- Cash8%