$FIVETRAN - Fivetran is well-positioned to benefit from AI agents requiring centralized data infrastructure. The company is using AI internally to improve connector quality and reliability, and the dbt merger strengthens its position in the data platform market.
$DBT - dbt will be a major beneficiary of coding agents as AI will write many dbt models, serving as executable documentation of business rules. The merger with Fivetran creates a strong combined data platform offering.
$INFRA - AI is creating more demand for infrastructure rather than commoditizing it. More software is being written than ever before, and infrastructure companies are seeing a lift as a result.
$SNOWFLAKE - Modern data platforms like Snowflake are well-positioned as foundations for AI applications. AI labs like OpenAI and Anthropic use conventional data infrastructure, validating the existing data platform approach.
$DATABRICKS - Databricks is positioned as a strong modern data platform for AI applications, with AI labs using it as part of their conventional data infrastructure.
Bearish:
$SAP - SAP is attempting to lock down data access and restrict AI agent usage, which puts them at war with their own customers. This closed data strategy is viewed as foolish and likely to fail.
$POSTGRES - Postgres is characterized as very old technology with significant technical debt and a poor storage engine design. The speaker argues undergraduates write better databases than Postgres in many respects.