Databricks finishes $5 billion funding round with $134 billion valuation
Watch on YouTube ↗  |  February 09, 2026 at 17:31 UTC  |  2:54  |  CNBC
Speakers
Deirdre Bosa — CNBC Tech Check Anchor
Carl Quintanilla — CNBC Anchor

Summary

  • Databricks raised $5 billion at a $134 billion valuation, reporting $5.4 billion in revenue runway (65% growth year-over-year).
  • A critical shift is occurring: 80% of databases on Databricks are now built by AI agents, not humans, with major non-tech companies like Mastercard and Mercedes building internal software.
  • This trend creates a divergence: it is bearish for traditional SaaS vendors (whose moats are shrinking) but bullish for AI infrastructure (as agentic coding drives massive compute demand).
Trade Ideas
Ticker Direction Speaker Thesis Time
SEMICONDUCTORS /AI INFRASTRUCTURE
LONG Deirdre Bosa
Anchor/Reporter, CNBC Tech Check 		The massive increase in software creation by agents is a "big data point for the AI infrastructure bulls." Even if software stocks struggle, the underlying "plumbing" is essential. AI agents writing code and building databases require immense amounts of computing power and chips. The demand is real, regardless of current market sentiment. Charts showing iOS app releases and GitHub coding output are both "going vertical." Market sentiment may temporarily disconnect from the fundamental demand for compute. 1:55
IGV /MNDY /WDAY
SHORT Deirdre Bosa
Anchor/Reporter, CNBC Tech Check 		The rise of AI agents is "fuel for the software bears." Monday.com dropped 22% on a disappointing outlook, and Workday's stock has lost nearly half its value over the past year. Historically, companies paid SaaS vendors because building software internally was too hard. Now, AI agents allow non-tech companies (like AT&T or Mercedes) to build their own custom software cheaply and quickly. This shrinks the competitive advantage (moat) of traditional software-as-a-service vendors. Databricks data shows 80% of databases are built by agents; the IGV software ETF is lagging significantly. Traditional vendors may successfully integrate AI to retain value, or the "build vs. buy" trend may revert if internal tools prove difficult to maintain. 1:15
MSFT
AVOID Deirdre Bosa
Anchor/Reporter, CNBC Tech Check 		Responding to an analyst downgrade regarding Microsoft Copilot, Bosa notes that paying extra for Copilot is an "uphill battle." While enterprises are willing to pay for revolutionary coding tools (like Claude Code or OpenAI's Codex), Microsoft has not effectively sold Copilot as a tool leading the "AI coding revolution." The value proposition for the extra cost is currently unclear compared to specialized coding agents. Analyst downgrades and skepticism regarding the ROI of Copilot subscriptions. Microsoft could retool or rebrand Copilot to better align with the agentic coding boom. 2:24