Ed Ludlow

And nobody is pointing to any number and saying that's a problem, that's worse than what we're expecting.

Across the board, they were saying the numbers were better than we expected.

if there is an identifiable problem, it was this amorphous idea that, well, where's the new story?

What's going to take this to the next level?

That was the conclusion that people have come up with.

They want Jensen to walk out on stage in San Jose like he does and tell them something new and exciting, show them a new path forward.

And that was the end of it, really.

Yeah, I mean, that's just one of the questions that they had to answer and did.

And the answer was, look, we've spent a lot of money.

We've got a lot of inventory ready.

We can support growth into 2027.

Right.

So asked and answered.

At the same time, people were like, oh, what about memory chips?

What about, you know, high end capacity?

And she did say, look, it is tight, but we have what we need for now.

Trudeau, one of the core pillars for you to grow is to go out and find new customers.

And I wondered if you just give some detail on what's happening in the world of technology in AI that would bring a customer to Snowflake for the first time.

What is it that they need that they didn't before?

Sridhar, last night, Jensen Huang, who you know very well, talked about profitable tokens, the idea that the output of an AI model is worth paying for, customers do pay, and they pay at a price that is greater than the compute used to generate it.