Snowflake and Datadog can withstand more competition because it comes alongside a massively expanded market, as cloud and inference providers saw in recent years. Responding to @GrantM's view that their high pricing invites rivals, open source and pressure on net retention, high pricing is not fundamental to the model. These companies can accept lower gross margins to secure revenue growth if needed, and already do by reselling AI tokens through their AI features. x.com  x.com 

Snowflake is evolving from a cloud data warehouse into the default data and AI control plane for large enterprises, an inflection the market misses by treating it as a maturing former hypergrowth name. The shift shows in customer commitments, workload expansion and platform centrality, supporting a credible path to $500. @buccocapital notes a customer rebuilt Gainsight on Snowflake in five hours, suggesting it may be the assailant in the SaaSpocalypse rather than a victim. x.com  x.com 

Security, identity, observability and data governance are the less crowded side of the enterprise AI stack and should benefit as open models make AI cheaper. In multi-model setups, switching models gets easier, but rebuilding years of access controls, audit logs, proprietary data pipelines and internal workflows does not. Hardware remains scarce and critical, but names such as Palo Alto Networks, CrowdStrike, Fortinet, Okta, Datadog, NetApp and Snowflake sit around the model. x.com 

Datadog was wrongly caught up in the 'AI is killing software' selloff, because it is the tracking and logging tool for AI agents and is moving into security for agentic agents. AI tools in software developers' hands should also drastically speed feature development and releases at software companies. After earnings, $200 is likely a magnet. x.com  x.com  x.com 

AI-using software platforms such as Datadog, Snowflake, JFrog and CrowdStrike are still winning and should never have been caught in the SaaS selloff. The damage has mostly hit legacy application-software names. x.com 

Algorithms keep selling SaaS stocks like Elastic on any pump, despite a clear rotation into the sector and good earnings, and that pattern is one to trade from the long side over the coming weeks. It hit ServiceNow before, and it hit Elastic and UiPath again today. x.com 

CrowdStrike and Palo Alto Networks benefit from AI because it creates more security problems, so companies will need more advanced cybersecurity, not less. More than half of enterprise AI use happens outside IT oversight. Per JPMorgan, both are in good shape after Anthropic launched its Claude Mythos Preview security tool: instead of competing with them, Anthropic made them partners, which JPMorgan reads as a sign established vendors are essential to AI-driven defense, not replaceable by it. … Show more