Wall Street Made A Mistake - Snowflake Is On Sale #stockmarket #investing

Summary

Eine fesselnde Zusammenfassung, die einen kurzen und doch präzisen Überblick über das Skript bietet. Sie weckt das Interesse der Nutzer und regt sie an.

Takeaways

• 👨‍💻 Shar Remi, former Google exec, is poised to revolutionize businesses with AI like past innovators did with digital tech
• 📉 Wall Street misunderstood Snowflake's earnings report and strategy, wrongly reacting with a 20% stock drop
• 💰 Snowflake is investing heavily in scaling up staff and tech infrastructure to become a leader in enterprise AI
• 🤖 AI will replace many manual processes and jobs, making decisions faster and with less bias or fraud
• 📈 Snowflake's adtech experience can translate to using AI for business decisions across insurance, banking, travel etc.
• 🌪️ Like Google ads transformed that industry, Snowflake can have huge impact optimizing operations with data
• 😎 Remi's experience innovating Google Ads proves he recognizes opportunity to transform industries with AI
• 🏢 Snowflake is hiring engineers to build systems to replace existing staff doing manual processes
• 💡 The shift from human decisions to optimized AI decisions can greatly boost efficiency economy-wide
• 👍 Snowflake stock is undervalued now but could grow substantially in time as strategy plays out

Q & A

Why did Snowflake's stock drop 20% after their earnings report?

Snowflake's stock dropped because Wall Street did not fully understand that Snowflake is investing heavily in artificial intelligence and hiring more engineers to transform their business. They saw increased expenses without matching revenue growth.

Who is Sutter and why is he compared to legendary tech innovators?

Sutter is Frank Slootman, the CEO of Snowflake. He is compared to Bill Gates, Steve Jobs, Sergey Brin, Larry Page, Jeff Bezos and Mark Zuckerberg because he previously led the growth of Google AdWords and is now aiming to transform business through AI and Snowflake's technology.

How will Snowflake's technology replace human roles?

Snowflake aims to replace human roles in areas like insurance, banking, travel, entertainment, real estate and manufacturing by using AI and data to automate decisions. This will eliminate bias and inefficiency.

What industry did Sutter transform previously?

Sutter (Frank Slootman) previously grew Google's AdWords business from $1.5 billion to $100 billion in revenue. He transformed online advertising.

Why does the author recommend buying more Snowflake stock?

The author argues Wall Street misunderstands Snowflake's investments in AI as simply increased expenses rather than a strategic transformation. He believes in the long-term potential even if the short-term finances look mixed.

How can AI transform government efficiency?

The author gives an example of $10,000 toilet seats on military planes resulting from bureaucracy and graft. Automated decisions could reduce inefficiency and corruption.

How did the author come across this analysis of Snowflake?

The author reviewed Snowflake's earnings call and connected with a member of his investing community who had previously sent him video analysis explaining Snowflake's AI potential.

Who makes up the author's investing tribe?

The tribe is a community of individual investors who pay for access to the author's analysis. There is a weekly video call to discuss investment ideas and strategy.

Why does the author focus on connecting dots?

As a former financial advisor, the author believes his skill is piecing together disparate information sources to spot insights others have missed. This drives his investment analysis and recommendations.

What is the author's view on the current state of the world?

The author expresses concerns about social instability and polarization. He sees Snowflake's technology as a source of positive transformation through efficiency and unbiased decisions.

Outlines

00:00

🤔 Wall Street misunderstands Snowflake's AI potential

Paragraph 1 discusses how Wall Street dropped Snowflake's stock 20% despite its long-term potential in AI. It argues Snowflake's CEO can revolutionize business decisions with AI similarly to how past tech leaders revolutionized digital technology.

05:01

💸 Snowflake investing aggressively despite losses

Paragraph 2 highlights how Snowflake is substantially increasing spending without corresponding revenue growth. It argues this signals an aggressive push into AI that will reduce future human roles.

10:03

👨‍💻 Key leadership driving inevitable AI shift

Paragraph 3 asserts Snowflake's CEO has the vision and expertise to transform global commerce through data-driven AI. It describes this automation as an inevitable and largely positive change despite transitional hardship.

Keywords

💡Wall Street

Wall Street repräsentiert den Finanzmarkt und die Investorengemeinschaft, die oft auf kurzfristige Ergebnisse und Finanzberichte reagiert. Im Video wird Wall Street kritisiert, weil sie die Bedeutung und das Potenzial von Snowflake im Zusammenhang mit künstlicher Intelligenz und deren langfristigen Einfluss auf die Wirtschaft nicht vollständig erkannt hat. Wall Street's Reaktion, den Aktienkurs von Snowflake nach einem Bericht um 20% fallen zu lassen, wird als Kurzsichtigkeit und Missverständnis der Technologie und ihrer Auswirkungen dargestellt.

💡Snowflake

Snowflake ist ein Unternehmen, das Cloud-basierte Datenlagerung und Analyse anbietet und im Video als zukünftiger Marktführer im Bereich der künstlichen Intelligenz betrachtet wird. Snowflake wird für seine Fähigkeit gelobt, große Datenmengen zu verarbeiten und zu analysieren, was es Unternehmen ermöglicht, effizientere und präzisere Entscheidungen zu treffen. Das Video stellt Snowflake als ein Unternehmen dar, das menschliche Entscheidungsprozesse durch Datenanalyse und künstliche Intelligenz ersetzen und somit Branchen revolutionieren kann.

💡Künstliche Intelligenz

Künstliche Intelligenz (KI) ist die Fähigkeit von Computern und Maschinen, Aufgaben auszuführen, die typischerweise menschliches Denken erfordern, wie Lernen, Schlussfolgern und Problemlösen. Im Video wird betont, dass Snowflake durch die Nutzung von KI menschliche Arbeitskräfte in verschiedenen Branchen ersetzen kann, was zu effizienteren und objektiveren Entscheidungsprozessen führt. Die Rolle der KI bei der Transformation traditioneller Geschäftsmodelle und Arbeitsplätze wird als zentraler Punkt für die Zukunft von Snowflake und anderen Technologieunternehmen hervorgehoben.

💡Digitale Revolution

Die digitale Revolution bezieht sich auf den Übergang von traditionellen analogen zu digitalen Technologien, der seit den späten 20. Jahrhundert stattfindet. Im Video wird die digitale Revolution als Vergleichspunkt verwendet, um die transformative Kraft der künstlichen Intelligenz und Datenanalyse zu illustrieren, ähnlich wie frühere Technologien die Art und Weise, wie Menschen konsumieren und interagieren, verändert haben. Snowflake wird als Teil dieser anhaltenden Revolution dargestellt, die die Art und Weise, wie Unternehmen operieren und Entscheidungen treffen, weiterentwickelt.

💡Branchentransformation

Branchentransformation bezieht sich auf grundlegende Veränderungen in der Art und Weise, wie eine Branche funktioniert, oft durch die Einführung neuer Technologien. Das Video hebt hervor, wie Snowflake mit seiner Technologie die Branchen Versicherungen, Bankwesen, Reisen, Unterhaltung und Immobilien revolutionieren kann, indem es menschliche Arbeitskräfte durch effizientere digitale Prozesse ersetzt und dadurch Kosten senkt und Betrugsfälle reduziert.

💡Effizienz

Effizienz in diesem Kontext bezieht sich auf die Optimierung von Prozessen, um maximale Ergebnisse mit minimalem Aufwand zu erzielen. Das Video betont, wie Snowflake durch den Einsatz von künstlicher Intelligenz und Datenanalyse Prozesse in verschiedenen Industrien effizienter gestalten kann, indem es menschliche Fehler reduziert und schnellere, datengesteuerte Entscheidungen ermöglicht.

💡Betriebskosten

Betriebskosten beziehen sich auf die laufenden Kosten, die für den täglichen Betrieb eines Unternehmens anfallen. Im Video wird erklärt, dass Snowflake plant, seine Ausgaben zu erhöhen, um in Technologien wie GPU-Chips und Produktkosten zu investieren, was kurzfristig zu einem finanziellen Verlust führen kann, aber als notwendige Investition für langfristiges Wachstum und Dominanz im Bereich der künstlichen Intelligenz gesehen wird.

💡Regierungsentscheidungen

Regierungsentscheidungen beziehen sich auf die Prozesse und Auswirkungen von Entscheidungen, die von staatlichen Behörden getroffen werden. Das Video spekuliert über das Potenzial von Snowflake's Technologie, in Regierungssystemen angewendet zu werden, um Effizienz zu steigern und Korruption zu reduzieren, indem menschliche Entscheidungsträger durch unvoreingenommene, datengesteuerte Prozesse ersetzt werden.

💡Investitionsentscheidungen

Investitionsentscheidungen beziehen sich auf die Auswahl, wo und wie Kapital angelegt wird, um zukünftige Gewinne zu erzielen. Das Video kritisiert die kurzfristige Sichtweise von Wall Street auf Snowflake's jüngsten Finanzbericht und argumentiert, dass Investoren die langfristigen Vorteile und das transformative Potenzial von Snowflake's Technologie erkennen sollten, um fundierte Investitionsentscheidungen zu treffen.

💡Innovatoren

Innovatoren sind Individuen oder Unternehmen, die neue Ideen, Produkte oder Verfahren einführen, die signifikante Veränderungen und Verbesserungen bewirken. Das Video positioniert Snowflake und speziell einen Schlüsselmitarbeiter als Innovatoren, vergleichbar mit bekannten Technologiepionieren, die die digitale Landschaft geprägt haben, und betont deren Rolle bei der Gestaltung der Zukunft der künstlichen Intelligenz und Datenanalyse.

Highlights

Wall Street's misunderstanding of Snowflake's potential in AI

Snowflake's significant drop in stock price by 20% after quarterly report

Snowflake's recognition of AI's potential to revolutionize industries

Comparison of Shar, a key figure at Snowflake, to tech giants like Bill Gates and Steve Jobs

Snowflake's aim to replace human decision-making with AI in various industries

The efficiency and fraud reduction potential of AI in decision-making

Shar's significant contribution to Google AdWords and advertising

Snowflake's financial performance and projected increase in expenses

The strategic hiring of 1,000 new employees, primarily engineers

Snowflake's preparation for the next generation of AI in business

The potential for AI to improve decision-making and efficiency in government

The transformative impact of AI on commerce and decision-making

Wall Street's failure to understand Snowflake's strategic positioning in AI

The potential for Shar to be recognized as a major innovator in AI and technology

The role of community and collaboration in staying ahead in technology investments

Transcripts

this time Wall Street got it wrong or at

least they aren't farsighted enough to

see what is actually happening with

snowflake uh snowflake did their annual

report um or quarterly report earlier

this week and the stock dropped by

20% uh that was a mistake and it's

because they don't recognize exactly

what is happening they don't totally

understand how AI works and snowflake is

on sale and snowflake will quite

possibly become one of the icons of the

future relative to the use of artificial

intelligence and it's all driven by

snowflakes

recognition that AI is going to replace

human beings much as um the digital

revolution of

2000

created a new way for consumers to

consume products to to interact in many

facets of the world uh the key to this

is uh s Dar

Remi I know I screwed his name up but

you know who he is he is in my mind he

is going to be viewed comparable to Bill

Gates Steve Jobs Serj and Larry uh Jeff

Bezos and Mark Zuckerberg they are the

people who came and taught us how to use

digital uh to make our lives better to

make our worlds more efficient they

taught us that we adapted to it and we

use then

digital to to make us more efficient in

our world such as I use digital to

communicate with you I was unable to do

that until Google taught me how to do it

through through YouTube well we have now

moved into the era where uh digital is

going to teach us how to compute and

that is to say it's going to teach us

how to replace people using digital to

make better decisions and and think of

it in in this area in in the world of

insurance banking travel entertainment

real estate manufacturing for every face

that you engage in those Industries

there's at least 20 people behind doing

the support work to make what you want

to happen to happen What snowflake is

going to do is to replace all those

people uh they're going the the decision

makers who decided whether or not um

your insurance claim was valid is going

to be eliminated because all that is

going going to happen is some someone is

going to gather a little more data as to

what happened to to you and your uh as a

result of a tornado and the decision

then will be made through digital

analysis rather than human analysis

which will make it much more efficient

and which will make it much much less um

fraud and and whatever involved in it

and will make it work better

the reason Shar is such a key player is

he was with Google for 15 years and he

was in charge of Google AdWords and and

if you think about how Google AdWords

changed the advertising industry that we

don't have advertising agencies anymore

um the the Google knows more about

someone's customers than than the the

the the the manufactur ERS the sellers

whatever they know more about us than

our spouses know about us okay so they

have replaced the advertising industry

as as has Mark with with Facebook as has

Jeff with with Amazon they've replaced

the advertising industry and and shadar

is the guy who did it he took it from a

$1.5 billion industry to a00 billion

industry and then he woke up one day and

formed a company that said I can do this

in every aspect of of Comas and he

formed a company and eight months ago

that company was bought by by Snowflake

and they are now going to replace man

with digital okay so with that being

said then why did their price go down

20% this week well because Wall Street

got it wrong

understand they they they projected that

they were going to grow their revenues

um and and they they also said they were

going to add 1,000 employees

okay snowflake doesn't make any money

okay in fact they had revenues of 2.8

billion they had expenses of

2.99 billion so they had a loss of $20

million they then came Mountain said

that we are going to spend this next

year an extra $50 million on GPU chips

we're going to spend another $10 million

on uh cost of product and then we're

going to spend $30 million in increased

compensation for our Salesforce so

they're increasing their

expenses by $90 million but not

increasing a comp a a comparable amount

in sales okay then as I said they said

they're going to raise their employees

by a thousand currently they employ

5,884 people so that's an increase in

their sales force by

177% what's happening they're going to

war they're basically saying we're going

to restructure our company and we're

going to spend what we have to to take

us into the next generation of

artificial intelligence running

businesses so all the data I used to be

in the financial financial advisor

business we had armies of people behind

us making decisions based on the data

that we fed them many times they made

wrong decisions and thus um people

didn't have their their retirement funds

grow like they wanted to because

individuals were making human

decisions snowflake is going to take

that out of the equation they are going

to have those decisions made by the most

intelligent data available to Mankind

and made expediently you won't talk to a

person on the telephone you will get on

the phone and and they will ask you what

language you want to speak and they will

take on the conversation this will make

everything more efficient think about if

you put that into our government where

there's so much graft where there's so

much uh influence being pedal and take

all those decisions out of human being

hands and make them those decisions

based on what's best for our country our

citizens and therefore they make good

decision you know you I can remember one

time that some I read something that a

toilet seat on a a fighter on a on a a

cargo plane cost something like

$10,000 well that's because all the

graft that's involved in it all the

paperwork that goes If you eliminate all

those people touching that paper all the

influence that says hey uh you'll find a

new shotgun in your car if you buy the

toilet seat from me you'll you'll you'll

see that this is a major change in how

Commerce will take place in the world in

the future

and Wall Street didn't understand it all

Wall Street saw was we're going to incre

our increase our expenses by $90 million

we're not going to have we're going to

have a 6% increase in in our Revenue

which will not offset that and then

we're going to hire a thousand new

people well guess what's going to happen

and who who are those thousand people

they're Engineers they're the people who

are going to build the system to replace

the other five

884 people that they currently have on

staff that's what's happening in our

world in our world and and Wall Street

doesn't recogniz Wall Street does not

understand artificial intelligence if

they

did they would be

rewarding snowflake with a 20%

bump okay we saw today that the computer

infrastructure structure is driving the

economy right now uh we saw Dell go up

30% because they had some extraordinary

orders because Jensen sold them uh some

gpus to put into their computers so that

the the the shortage of computers from

Super Micro computer could be picked up

in part by Dell that's why Dell is up

once that's done that's done but what

comes behind it

is the change in our world and the the

the the movement away from man making

good bad indifferent biased decisions to

good decisions made by

compute and

snowflake had the insight and the

courage to go and hire the man who can

make it happen I can't pronounce his

name I won't try to you can read it

snowflake is up a little bit

today I'll buy

more because the world doesn't

understand that this may take a year but

that man is going to be standing next

to Bill Gates Steve Jobs Serj and Larry

Jeff basos and Mark he

is he is one of the

those who will be

recognized as

innovators for the future I'm Carrie

grink I'm a retired financial advisor

there's a lot of things I don't do well

uh but what I've learned I can do well

is connect the dots I can I can look at

something and say that doesn't make

quite sense to me so if it doesn't make

sense what what am I missing and I I

listen to this all the first time uh and

and I believe that that uh Frank slotman

got pushed to the side I don't think he

did after I listened to it a third and a

fourth time Frank recognized he did what

he could but he needed to pass the Paton

on and he he took the the data and

taught people how to interpret it and

now someone has to come in and teach

data how to replace the people how how

data can think like humans to make

decisions without bias without prejudice

and and make good sounds decisions that

create efficiency and economy that

reduce inflation rather in rather than

increasing

prices that brings Harmony in into a

very difficult world right now um I'm

really kind of scared of what is

is festering under the

surface uh this is a positive thing

we've got to look for positive

things you you dig in you learn

who

Shar ra renami is and what is PED agree

is and you see if you don't believe with

me Wall Street got it wrong I'm Carrie

grm I'm I'm the chief I guess of the

best of us investors

tribe uh later this afternoon this is

Friday I will have this discussion with

my tribe members we have a stock talk

every Friday a zoom call which if you

can't make the call you can access the

the recording of it um and we'll discuss

this in detail and they'll have an

understanding then they'll ask questions

and we'll hash it out how did I come

across this well when I saw the the drop

in the stock I went to the earnings call

and then Brian Brian is a young man from

um Nashville he's he's a a school

teacher High School school teacher and

and coach and he says Carrie do you

remember I sent you a a video of

Shamar sha sh shadar

shadar U being interviewed on CNBC a

year about a year ago when he made the

transition into Snowflake and I said

yeah I do remember it but I need to go

back and watch the video that's how I

learn that's how I stay ahead I have a

tribe I have a group of people who

subscribe who pay dues okay and we work

together to make better investment

decisions if you'd like some help get on

the bus we have a discount by the way uh

of uh 50% you'll find that in the

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