AI and the SaaS Reckoning with John Rotonti | 7investing Live February 16, 2026 скачать в хорошем качестве

AI and the SaaS Reckoning with John Rotonti | 7investing Live February 16, 2026

In this episode of 7investing Live, Simon Erickson sits down with John Rotonti, portfolio manager at Bastion Fiduciary, for a wide-ranging conversation about where markets are headed in the age of AI. John has been skeptical of enterprise SaaS for years — and the market is finally catching up. He breaks down why he believes most SaaS businesses suffer from low barriers to entry, weak moats, and misleading financial reporting around stock-based compensation. With valuations falling from 52x forward PE at the peak to around 20x today, John shares whether now is finally the time to take a closer look — and which companies might actually survive and thrive by embracing agentic AI. The conversation then shifts to the massive AI infrastructure buildout underway. John explains why Nvidia's Jensen Huang is the architect of a $3–4 trillion wave of investment through 2030, what skyrocketing power demands mean for liquid cooling, electrical grids, and labor shortages, and why the biggest AI winners may not be flashy startups — but battle-tested incumbents like Alphabet and Amazon with full-stack advantages. John also makes the case for industrial and infrastructure companies — including Quanta Services, Vertiv, Arista Networks, Amphenol, and Trane Technologies — as some of the most compelling long-term opportunities in the market right now. And he shares why Constellation Software stands apart as a compounder with potentially unbounded duration of growth. Timestamps: 00:00 – Welcome & Mardi Gras check-in 02:30 – The SaaS reckoning: low moats, high competition 08:00 – Valuations then vs. now (52x PE → 20x) 12:00 – The stock-based compensation problem 15:00 – Is it finally time to invest in SaaS? 20:00 – Constellation Software: the acquisition machine 28:00 – Nvidia & the AI infrastructure buildout 38:00 – Hardware + software integration as a moat 40:00 – Why Alphabet is the widest-moat AI company 43:00 – Power, liquid cooling & the data center arms race 47:00 – Labor shortages & re-industrialization 50:00 – Audience Q&A Follow John Rotonti: @JRoGrow on X | lastbastion.com Learn more about long-term investing at 7investing.com — get your first 7 days free at 7investing.com/subscribe #7investing #AIStocks #SaaS #Nvidia #Alphabet #JohnRotonti #StockMarket #Investing #AIInfrastructure #IndustrialStocks #ConstellationSoftware #LongTermInvesting