Dave Vellante
Latest from Dave Vellante
Tech valuations could get worse. Here’s why we’re still optimistic
After a two-year epic run in tech stocks, 2022 has been an epically bad year in the market. Through yesterday, the Nasdaq composite index is down 30%, the S&P 500 is off 21%, the Dow Jones Industrial Average is down 16% and the poor HODLers of bitcoin have had to endure a nearly 60% decline year-to-date. ...
BREAKING ANALYSIS
Tech spending intentions hold steady despite macroeconomic concerns
Despite fears of inflation, supply chain issues, skyrocketing energy and home prices, and global instability caused by the Ukraine crisis, chief information officers and information technology buyers continue to expect overall spending to increase more than 6% in 2022. Although this is lower than our 8% prediction made in January of this year, it remains in line ...
BREAKING ANALYSIS
Snowflake Summit 2022: All about apps and monetizing data
Much of the energy around data innovation that dispersed with the decline of big-data processing framework Hadoop’s relevance is coalescing in a new ecosystem spawned by the ascendency of Snowflake Inc.’s Data Cloud. What was once seen as a simpler cloud data warehouse, and good marketing with Data Cloud, is evolving rapidly with new workloads, ...
BREAKING ANALYSIS
How Snowflake plans to make Data Cloud a de facto standard
When Frank Slootman took ServiceNow Inc. public, many people undervalued the company, positioning it as just a better help desk tool. It turns out the firm actually had a massive total available market expansion opportunity in information technology service management, human resources, logistics, security, marketing and customer service management. NOW’s stock price followed the stellar ...
BREAKING ANALYSIS
MongoDB sends strong signals despite cautious macro tones
Earnings season has shown a conflicting mix of signals for software companies. Most firms are expressing caution over macro headwinds citing a combination of Ukraine, inflation, interest rates, overseas softness, currency, supply chain and general demand for technology. But MongoDB Inc., along with a few other names appeared more sanguine, thanks to a beat in the ...
BREAKING ANALYSIS
Broadcom will tame the VMware beast
In the words of theCUBE analyst and chief technology officer David Nicholson, Broadcom Inc. buys old cars. Not to restore them to their original beauty… nope… it buys classic cars to extract the platinum that’s inside the catalytic converter. Broadcom’s planned $61 billion acquisition of VMware Inc. will mark yet another new era for the ...
BREAKING ANALYSIS
Supercloud is becoming a thing
Last year we noted in a Breaking Analysis that the cloud ecosystem is innovating beyond the notion of multicloud. We’ve said for years that multicloud is really not a strategy but rather a symptom of multivendor. The supercloud is emerging as a potential solution to unify these multivendor environments into a cohesive, manageable system. We used the term ...
BREAKING ANALYSIS
Are cybersecurity stocks oversold, or still too pricey?
Cybersecurity stocks have been sending mixed signals as of late — mostly negative, like much of tech. But some, such as Palo Alto Networks Inc., despite a tough go of it recently, have held up better than most tech names. Others such as CrowdStrike Holdings Inc. had been outperforming broader tech in March but then ...
BREAKING ANALYSIS
What you may not know about the Dell-Snowflake deal
In the pre-cloud era, hardware companies would run benchmarks showing how database and application performance ran best on their systems relative to competitors and previous-generation boxes. They would make a big deal out of it and the independent software vendors would do a “golf clap” in the form of a joint press release. It was ...
BREAKING ANALYSIS
The ever-expanding cloud continues to storm the IT universe
Despite a mixed bag of earnings reports from tech companies recently, a fall in gross domestic product this past quarter and rising inflation, the cloud continues its relentless expansion on the information technology landscape. Amazon Web Services Inc., Microsoft Corp. and Alphabet Inc. have all reported earnings and, when you include Alibaba Group Holding Ltd.’s ...