Industry Insights

Industry Insights

Inside Citi TMT 2025: AI Infra Scaling, Software Monetization, Demand Recovery

Inside Citi TMT 2025: AI Infra Scaling, Software Monetization, Demand Recovery

Sep 5, 2025

Sep 5, 2025

Hojun Choi

Hojun Choi

Citi TMT 2025 showed the real numbers behind AI adoption. Infra scaling, platform monetization, margin focus, and China exposure were the dominant signals across 50 plus company sessions.

Citi Global TMT 2025 Takeaways

The 2025 Citi Global TMT Conference (NYC, Sep 3–5) featured over 50 public companies across semiconductors, cloud infrastructure, and enterprise software. The event showed how AI infra ramp and custom silicon are reshaping capex, how software vendors are monetizing AI, and how hardware and platform firms are managing margin discipline and regional exposure.

Using LinqAlpha’s multi-agent research stack, we processed the full set of Citi sessions in hours—not days. Our agents summarized company-level updates, mapped recurring themes, and flagged signals most relevant to equity analysts and portfolio managers.

You can view the full breakdown here → Citi TMT Conference Takeaways

What Analysts Should Know from Citi TMT 2025

  1. AI Infrastructure Ramp Is Visible in Numbers

  • AMD: MI300/350 ramp, MI400 next; MI300 family annualized to $4B+ run rate; TSLA, META, X added as logos; China revenue limited by US export rules; $800M MI308 inventory write-off completed

  • Marvell: Tracking ahead of $1B custom AI revenue target for 2025; 18+ ASIC sockets secured

  • Seagate: +25% exabyte CAGR via HAMR; multi-quarter build-to-order and LTA visibility; capital returns prioritized as HAMR mix grows

  • HPE: AI backlog above $4B, up 40% YoY; Juniper close creates $600M synergy target; networking now 50%+ of operating profit

  • Autodesk: Transition to consumption-based model; Construction Cloud up +20% YoY; AI-as-a-service gaining enterprise traction

  1. AI Monetization Is Showing Up in Results

  • Datadog: Security, analytics, and agentic workflow products support $500–$600M ARR wedge; double-digit growth in AI workloads

  • Zscaler: ARR $3.1B, up +22% YoY; Red Canary adds $95M incremental ARR; FY26 guide 22–23% ARR growth

  • Autodesk: Over 66% of customers expect AI-driven disruption; early AI automation usage signals

  • MongoDB: Atlas growth +29% YoY; enterprise adoption rising

  1. Recovery in Demand and Efficiency Gains

  • Microchip: Guides to above-seasonal sequential growth into Dec and Mar as inventory correction progresses

  • Texas Instruments: Notes a broad-based cyclical recovery, excluding auto

  • HPE: Targets $600M in cost synergies from Juniper integration

  • Booking: Leverages $9B trailing twelve month free cash flow for buybacks and dividends

  • Seagate: Prioritizes free cash flow for shareholder returns as HAMR scales

  • Peloton: Emphasizes deleveraging and disciplined spend to stabilize its turnaround

How We Did It — In Minutes, Not Hours

We built this analysis using LinqAlpha’s agentic research platform:

  • Transcript Agent: Parsed live transcripts and flagged firm-specific metrics

  • Screener Workflow: Clustered company updates into strategic themes

  • QA Layer: Final synthesis by our internal research team (former analysts and PMs)

Our tools help analysts go from raw presentations to signal—fast.

To request a specific company summary or see how LinqAlpha can accelerate your research workflow, contact support@linqalpha.com or book a demo.

Disclaimer: These summaries are independently created and not affiliated with or endorsed by Citi.