CSU

It is not really a thesis, it is a fully confirmed potential headwind, that being artificial intelligence.

With a company like CSU, it acquires vertical market software companies, companies that provide specific software to very niche industries. The fear here is AI will be able to develop the software at a faster and cheaper rate.

I believe these issues are overblown, which is why I added a share a few days ago. Constellation is having a specific meeting on the 22nd of September to discuss the impact of AI on its company. I am going to be keenly listening to it.