Rachel Warren

They've also got very high operational burn rates.

They have a very heavy reliance on capital backing.

But there is a very different place within this industry in which they operate.

Then you go to NVIDIA, right?

I mean, they're kind of insulated from the software battle because they control that foundational hardware toll road.

Obviously, Alphabet is scaling their own.

Well, and that's the thing.

And that is one note I want to add.

We were talking about sort of the lack of, at least in my view, utility of these new glasses.

I think the hardware utility for Alphabet is as they're scaling that TPU business.

But do I think that means suddenly NVIDIA chips go away?

No, I think we could live in a growing enterprise world where there is room for multiple successful players.

I think we're seeing that advantage play out.

And I do think 10 years from now, this is a far more fragmented space than we see today.

Yeah, I mean, the stock has taken a massive beating over the last year, down significantly.

And it's worth noting, you know, Monday.com stock is still down about 50% year to date at the time that we're recording this episode.

And I think what we've been seeing is really, I think, a lot of the market appetite that's been surrounding a lot of software stocks, right?

This fear that generative AI will either disrupt Monday.com's customer acquisition, maybe render its project management tools obsolete, or

But certainly there were a few things that the market liked.

So for starters, Money.com beat analyst expectations on the top line with $351 million in revenue.