Gerstner says Databricks and Snowflake are accelerating because they provide the data substrate for agentic AI solutions.
“But there are other companies that we own and love, like Databricks and Snowflake, that are actually accelerating. Why are they accelerating? They are the data substrate upon which enterprises are building agentic solutions.”
Gerstner cites Databricks growing over 60% as example of companies accelerating because AI relies on them.
“I think this quarter, they're they grew over 60%. Snowflake, Clickhouse, these are companies that are accelerating their core revenues because AI relies on them.”