Unbelievable on how people pumped $AFRM to $176 (now at $9) and $UPST to $400 (now at $12) -- Massive wealth transfer. People projected BNPL and subprime lending as the next big thing since the sliced bread.
People are underestimating the damage $crwd has done in hospitals which are mostly windows PCs. Working through each PC having BSOD is going to take multiple weeks if not a month.
This is going to result in massive loss of rev, productivity and dissatisfaction.
Some thoughts around chasing AI hardware/server growth stocks:
1/3
1. AI Hardware sales do not generate recurring revenue.
2. Most of the AI Hardware are bought by CSPs, who all have been building their own and in 12-18 months you can expect them to be deployed at scale
If your fund manager sends a memo
"Don't worry we have got you enough trading loss in your account and that should offset all other gains you will have for years"
you better take your $ out and run the other way...
Take a look at Database market. AWS is taking the lead, followed by Microsoft and leaving Oracle in 3rd place close to Google. Anyone who thinks $MDB is taking over the world, I have a news for you - it ain't.
@DaveBenjamin
@amandacarpenter
I agree. Once you belong to a Cult, it is hard to see what is real/factual and what is NOT. Good examples are, Charles Manson, Jim Jones. We still haven't learnt anything from the past..😢😢
If it wasn’t for $Msft’s investment in OAI it would have been way behind compared to $goog - only Google has everything natively - LLMs, AI HW and infra to train/tune/host models - most don’t even realize this.
Unpopular take on $snow by my friend
@pgosavi7056
I kinda agree w/ him on these takes. I used to tweet about datalake (I am a huge fan of datalake and lakehouse for long time) as serious threat to $snow 's business. What further helped is really AI acceleration in last 2 years.
- $HIMS sells hairloss treatment to male population, which has ED side effects.
- $HIMS sells ED medication to mitigate this issue.
net-net:
- No improvement on Hair loss, now you have ED issue to deal with
- $HIMS makes $ from both sides.
Did I get this right?
May be saying something obv.
$goog is the only company/CSP that has complete Data and AI stack, including LLM and HW that goes with it. All organic.. not even $msft or $amzn.
it is a fact and Market is seeing it...
Rumor is due to lower AWS rev and lower guidance, rumor is $snow is going to take a hit. It was flying last few days, let us see where that ends up at. As you know, AWS is the main source of rev for $SNOW.
Fun times starts for $SNOW $ESTC $NET etc.,
Very inspiring story. Yesterday as I was leaving Gym, opened the door,an old man was standing outside, and I asked him if needs help and he asked for ride and gave him ride home.While driving, I learnt that he is 97 years old, legally blind but yet he shows up to gym every day.♥️
$TWLO is sitting on amazing products - w/ their flex multichannel communication, segmemt connections/persona, SendGrid, etc., Could they turn around their ops story? Could this be a multi-bagger in 3-5 years?
DoorDash is a complete rip off - take a look at the markup (not even counting the service fee and other fees and tips - which adds up another $15).
Left is online order and right is DoorDash.
I had a fantastic meeting today with a CEO of a startup CEO that I have invested in, and have seen him grow from $0 to $30m in ARR and on course to get $50m by 2026.
Just amazing to see the grit, hussle, resilency and proud to be backing him from early days.
My
#1
Angel inv.
@Acyn
@gtconway3d
@realDonaldTrump
Looks like it was under 6200 people. So from 1M to 6200, I hope you don't fire Brad for making you look bad in front of the nation.
I just played around w/ my colleague on $meta horizon workroom. Unbelievable experience (granted it takes time to get used to, also wearing the device is bit heavier) but the whole experience is just amazing. I can see a lot of potential w/ this app from collaboration pov.
@Hierophant33
@Acosta
I agree. Why is media even spending time on what is happening around
@realDonaldTrump
. Election is done, we know
@JoeBiden
will be taking over on Jun 20. Let us start to spend time on real issues that matter.
@ItayDonanhirsh
@rakyll
Have you sampled top SaaS companies to find out how much of their code base is Java based? You might be surprised. I didn’t realize until I saw the amount of ecosystem built around Java. It is way too deep to get replaced anytime soon. It is ranked as.
#1
I believe.
Wow. This is bigger than I thought. I was originally thinking it is doing HW for its devices, perhaps it is attacking both "server" side as well as "client" side.
Brilliant.
I am glad to see Apple joining $meta and CSPs in this race to go after $nvda
Guys, AI demand is so much that instead of beating the expectations on guidance, $snow guided down
“Looking at the full fiscal year, Snowflake is calling for $3.25 billion in product revenue, whereas analysts had been modeling $3.43 billion.”
Mind boggling that folks think Tesla robotaxis is going to eat $uber and $lyft, as if this is some SW that you deploy on the cloud and you use it from your browser. Totally delusional.
Database choices - There are few missing here (such graphDB) but fairly comprehensive to cover the DB options.
@ashwinibirla
if you think $MDB is going to rule the world, I have a surprise for you. 😀
Here are S&GA spending over GP for popular companies. $ESTC $MDB $SNOW $CRWD $OKTA $ZS $NET
Contrary to what I thought $OKTA and $ZS is buring through the roof that it makes $SNOW look better. $CRWD and $NET are doing better with $SNOW in the middle.
I don't understand how analysts didn't know how server businesses work - it is a low margin and it has always been.. These guys now wake up and starting to get concerned on margin issues... these guys are total 🤡
I was at costco this noon. Unbelievable crowd. They have pretty much all kind of Indian house hold Dahls you care (Toor, Moong, etc) - these are high margin items (almost 200-300% profit on these).
$COST is a beast.
Was driving this eve, reflecting on my childhood to where I am now, thinking of people who helped me over the years - balancing chemical equation to learning English. How fortunate I was, getting their help,while recognizing luck playing a huge role, despite all the hard work.🙏
My take on 3 top growth SaaS companies:
Besides overall SaaS spend slowdown, here is what I think their potential headwinds are.
$DDOG - Expensive pricing model
$CRWD - Stiff competition from $MSFT
$SNOW - Stiff competition from cloud vendors and Databricks.
CC:
@IrnestKaplan
Hi again
@elonmusk
👋
I hope you are well.
I’m fine too. I’m thankful for your interest in my health.
But since you mentioned it, I wanted to give you more info.
I have muscular dystrophy. It has many effects on my body.
Let me tell you what they are:
I have said this before and say it again. Databricks and $snow investing in having their own LLM is not going to create any durable advantage. They should instead focus on making abs. best data infra that connects to models of customers choice.
Look at the financial strength of $goog, looks too good with its debt at 1/10th of its cash position, while apple has more debt than the cash it carries.
Spoke to few friends at Intel. Morale is all time low. People have started to look for jobs outside and some have approached me for leads to apply for new jobs. I think dark days for $intc and I hope they come out of this and pop back up.
I shared the following note with my OpenAI colleagues today:
I've made the difficult decision to leave OpenAI. This choice stems from my desire to deepen my focus on AI alignment, and to start a new chapter of my career where I can return to hands-on technical work. I've decided
So excited to see my dear friend
@rajkrsen
‘s company
@ArcionLabs
getting acquired by
@databricks
today. Congrats my friend. Another great founder and great technologist in the data space.
I think we are going to lookback on this when SaaS is hot once again. Most if not all, SaaS companies will have AI natively integrated into their products (vertical integration vs using chatgpt, etc). AI integrated SaaS products will be new SaaS.
@PamelaBrownCNN
@Acosta
@CawthornforNC
I still don't understand why CNN is giving opportunity to these folks to amplify their false claims. This is exactly what they are looking for and CNN is playing right into their hands.
Something for people to realize how AI works - nothing is magic unless you deploy more smart people to train it. It is all in the data and data is in your brain, so unless you transfer it with lot of explanations, it is garbage in, garbage out.
@NewsLambert
@davevermilion
Why do new homes need a buyer agent in the first place ? You see the ad, you know the area , schools all available online - just need to pick upgrades and stuff
I was at a Dinner event w/ bunch of executives. Seems like $snow 's cortex is getting pretty good traction. Looks like all the snow users I interacted love the product and snow also seems to be providing some cool integrations, in this case, it was with coda.
@tanayj
Twitter DM is really a joke. Even if they spin out a team of 12 people they can build something better than what they have now. This company has so much potential but operated so badly.
Not something you hear often.
Someone transitioned from AWS to GCP.
IMHO, GCP has the best data and AI stack.
AWS is good on compute but for newer SaaS (not a lot of legacy compute requirements), GCP is good and they are bridging that gap w/ Oracle partnership, etc.,
Google (GOOGL) Nears $23 Billion Deal For Cybersecurity Startup Wiz - WSJ
Not sure how much this is true.. if this happens, probably the first massive deal for cybersec.