Thrill McDermott
@Thrillmcdermott
Internet/Software- Alea iacta est
$snow will accelerate all year, first product cycle as a public company and new logos will support nrr acceleration into 2H looking into FY27 Snowpark, dynamic tables, iceberg tables, cortex - few businesses with this type of product roadmap and revenue realization Top of…
The best software companies aren’t the ones with the best technical leadership, they’re the ones with the most sales minded leadership that can grab accelerating share of new TAMs
i don't think you all understand that as llms drive the cost of software development lower, the cost of building literally anything meaningful and getting attention on it will become proportionally more expensive. we're headed for inflated software costs, not deflated
IT services will continue to be great shorts - big enterprises now asking “where’s my AI discount?” Even if you get the productivity, end up being GP$ negative Headcount growth remains low and decelerating software bookings growth further increases headwinds Likely a flat to…
Cloud compounding growth feels....over? Tough to build a reacceleration case in cloud right now given CIO focus has shifted to develop platforms around software and data residency. Any reason to believe this is wrong?
ADBE has material rate limiter in corporates with AI usage. Not going to sign material AI contracts when the lawyers can't have conviction that any of the product created has full ownership and opens company up to litigration
Snowpark is going to be the most talked about growth engine in software very soon. Exiting the year almost $300mm, growing 150-200% p.a. Will be material driver of $SNOW growth story in FY26 and has changed competitive dynamics with Databricks
Equities can work again now that we’ve priced out the cuts. Going to go max if any weakness around CPI as Fed isn’t going to guide to hikes in Jan, and unlikely this year. Rather would run inflation at 3