joining us now to discuss, snowflake's ceo, frank slootman. frank, good to see you want to talk a lot about summit, but first, first time really talking to you, major ceo in tech, since the supreme court struck down roe last week. so in your book, which you talked about earlier this year, you talk about aligning people and culture. you talk about building culture. what does that mean for leadership at this kind of a time of upheaval right now >> well, we may have a little bit of a different view. culture is not sort of a universal good like there's only one good way to do it. culture needs to support and enable and align with the mission of the company and you know, if you work in a government institution or a nonprofit, or you work in a large slow growth company versus high growth tech silicon valley, the culture is going to be very different because the culture needs to help the company in achieving its mission. i will tell you that in companies like ours, you have super high growth, it's high pressure, very competitive, so the cultural value

the ceo frank slootman joined us yesterday. >> it doesn't mean other people aren't seeing it we can only react to our experience and the types of things that we do are still highly prioritizing. by the way you see the ceo surveys conducted by j.p. morgan and other people, the spending intentions are still incredibly high so we're not blacking off of the public with everything at this point in time we see no reason to. >> joining us, on that grown-up grade, jeffrey's, best in class fundamentals, you say? they certainly do have a lot of loyal customers who have a lot of money to spend? >> yeah. i think snowflake has a chance to become a bill lar in the front office or the back office amazon infrastructure if data cloud is a huge opportunity. we're swimming in all this information trying to make sense of what the data is and for companies that may end up going into economic duress, they're going to want to act quicker when they see that information and so we think snowflake has a phenomenal opportunity this has been run by as you highlighted frank slootman, mike scarpellly, who are proven c

the slowing economy takes its toll on all stocks earlier today we got a chance to sit down with frank slootmane a look. frank, you have a revolutionary model. they don't understand the idea of the data being important because of snowflake and go to the data instead of the data coming to you. will you please explain what it means? it's a consistent theme throughout every bit of your statements. >> yeah, data has become incredibly silo since the beginning of computing because we send it to the work and can't bring it to the data that's siloing or bunkering of data a huge problem in the world of data since data science relies on building models, fwlendzing all kinds of different data that describe relationships and then predict outcomes or esults, right? super important to a lot of the data to come together and work able to execute against it you need to be an outstanding workload executer which we are at snowflake otherwise people say this doesn't work i'll bring the data to something else that can do it. >> people don't seem to understand you're not trying to get companies to sell better you're

here's what frank slootman told me about spending levels from his customers. >> we're not really pickingnstituents here. it doesn't mean other people aren't seeing it but i can only react to our experience. the type of things of what we do are still highly prioritized in enterprises. you're seeing surveys just conducted by jpmorgan and other people that the spending intentions are still incredibly high so we're not backing off of anything at this point in time we see no reason to. >> stocks falling on what should be good news of an upgrade, kind of bullish commentary from the ceo. yes, it's not cheap but it's way down from where it was is this a similar effect what we've been seeing with nike today, mike? >> do a degree, jon, yeah. i don't think anybody believes that snowflake is really a slave to the macro environment they have this better mousetrap story going. 50% revenue growth expected in next fiscal year on top of this one. we're only talking about a couple of billion in revenue right now and plenty of room to grow it's really about is this the moment to pay up for it today when it

. >> frank slootman is with us, the company a prime example of a

. >> snowflates, which is frank slootman we have todd mckinnon., yet business went up, and i'm we're talking about conflicts in europe, we can talk about china. the one thing i keep getting here is, guys, there's going to be a recession, but don't worry about it digitization lives on. i'm worried about it if you don't have new companies, you don't have more digitization, so i'm a little more circumspect. >> jim, good to get you on the ground there you're or eyes and ears. "mad money" 6:00 p.m. eastern time we'll take a break here. the nasdaq's green you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire space. the boundary of human achievement. the new frontier. ♪♪ eh. ♪♪ it's not time to escape. it's time to engage. it's time to plant more trees. hoo! ♪♪ time to build more trust. time to make more space for all of us. so while the others look to the metaverse and