The AI money is moving. And it's not all going to Nvidia.
This Week's Briefing
Everyone's watching Nvidia.
But some of the most interesting AI money is moving elsewhere right now.
Memory was a brutal boom and bust business for 40 years. AI broke that cycle, and now Micron and SK Hynix are both trillion dollar companies.
Snowflake built an AI agent that talks directly to your data warehouse without hallucinations, giving you answers from your actual data. $1 billion in revenue within months of launch.
And AgentForce is growing 200% year on year, but Salesforce stock is down 30%.
Turns out agents don't buy software licences, and the market is trying to figure out what that actually means for the business model.
Which one of these is the most interesting bet right now?
Key Takeaways
- Memory just crossed a trillion. Here's why that matters.
- Snowflake is up 37%. The product behind it is worth understanding.
The Bigger Picture
- AgentForce is growing. The stock isn't buying it yet.