Is AI a tailwind or headwind for a company like Elastic?
Asking as a former employee (non-technical)
I worked at Elastic for four years purely on the finance side, so I know the business reasonably well but I’m nowhere near qualified to assess the product depth and AI threat that you guys may.
The share price has taken a pretty significant hit recently, largely driven by fears around AI disruption the concern being that tools like Claude could eat into what Elastic does. But from what I’ve read, the counter-argument is that AI actually benefits Elastic, particularly around vector search and the way LLMs need to retrieve and search data.
I’m sitting on a meaningful amount of vested RSU’s that I never sold and I’m genuinely trying to work out whether to hold. I’m not looking for financial advice just an honest technical perspective from people who actually use this stuff day to day.
Is Elastic getting pulled into the AI stack at your companies, or being worked around? Really would appreciate the insight.