All right, welcome back. The Invest America Trump account app going live today, just about a month from the official launch of that program, which means we wanted to hear from Brad Gerstner today. He's with us now as we do countdown to July 4th. So, we're making these incremental milestone steps towards the big day. What does this mean?
Well, Scott, it's taking us four years to get here. Great to be here with you guys. But today the Invest America Trump account app launches in both the Google and the Apple App Stores. Remember, this is a Treasury account app, totally trustworthy. Like Social Security, it's going to be here for a very long time. You need to make sure that every child you know, if you have friends who have children, make sure that every child and family goes and downloads this app at either of the App Stores. Every child under two, remember, is going to get a thousand dollars automatically funded on July 4th. Most kids between the age of two and 10 will get at least $250. If they're in a state like Connecticut, they'll get $500. Or Indiana, they'll get $500. And kids between the age of 10 and 18 get a free lifetime 401k that they can compound in where employers are going to be adding money into those accounts. There's no investment decision for the parents to make. All the money that goes into these accounts will be invested in the best 500 companies in America. They will be direct shareholders, a little bit of Nvidia, a little bit of Microsoft, a little bit of Walmart, all the companies that you talk about every day. We're going to get all the people who have felt left out and left behind, what the president calls the mainstream agenda. Every kid on every rural block or every rural street and city block is now going to be a direct shareholder in the upside of America. You and I talked about it four years ago. Today is another huge milestone in making this a reality.
You're still pounding the pavement, so to speak, too. I mean, you mentioned what's happening in Indiana, your home state, for those who don't know. On the state level, this has a chance to be pretty significant, too, for those that are going to contribute, as well. This is not just a federal thing that we are going to talk about. Tell me more about that, because I'm not sure people fully understand that.
So, imagine this. It's a private investment account for every child in America. Anyone can contribute to. Moms and dads can add five or 10 bucks. Employers can add money, too. Philanthropists can add money, too. If you start with a thousand and just add $50 a month, that's $50,000 at 18. That's $175,000 at age 30. So, I'll give you an example. I was in Durham, North Carolina, on Friday. The mayor of Durham, Leo Williams, wants to get all 40,000 kids in Durham signed up for these Trump accounts. So, he threw a big event. I adopted the school, Murray Massenburg, 700 elementary school kids, and I'm putting an extra $250 into all of their accounts. I just talked to the principal. I said, 'If you get them all signed up, you tell me the amount of money that I need to send you, and you can deliver it via QR code directly into the accounts of each of those kids.' Everybody in America can do this for their local school. You just raise a little bit of money, you give it to the principal, and the principal transfers it into these individual accounts. So, think of this as an open-sourced way for every community in America to get their kids off to a great start.
Yeah, amazing. You keep us up to date on all of that as we run right up to the deadline, and they do have a countdown clock here on the floor of the New York Stock Exchange, which you probably saw when you were last with us on the Cerebras IPO day. Let's talk some stocks, because, you know, when you were last on, we talked Snowflake. We knew the earnings were coming. You had said you were still a huge holder of it personally, but no longer in your public fund. My goodness, what's your reaction to this? You know, all you can do is chuckle when you look at moves like this. What's going through your mind when you see that?
Well, first and foremost, when I was on your show, I think you remember that I said, Scott, I think it was about two weeks ago, I said the data infrastructure companies like Snowflake, Databricks, and ClickHouse, they're all in the token flow. What do I mean by that? As more tokens are consumed, it accelerates their core data business. I suggested I thought they would have a great quarter, and wow, they had a blockbuster quarter. Hats off to the team at Snowflake and to Sridhar for doing this. This is a very different story than software apps like, for example, Salesforce that more directly compete with the AI model companies. But if you peel back the covers on what they reported, 33% growth, accelerating growth versus consensus of 27% growth. They took up their full year guide by more than their Q1 beat. And the massive beat really came from these two trends. AI is accelerating their core, more tokens, faster growth in their core. And number two, their products like Snowflake Intelligence and Cortex Code hit a critical mass in Q1. So, I expect this growth to continue. We're seeing it as well in other companies that we own like Databricks and ClickHouse. But Snowflake continues to be a very, very large personal holding for me. We moved out of it in the fund, Scott, because I'm in the business. I have to manage this stuff. Year-to-date, Snowflake is up 10% even including today's moves. Compare that to what we moved the money into like Micron, which is up 200% year-to-date, or ARM, which is up 200% year-to-date. So, for our investors, for our shareholders, that was the right thing for us to do, even though today is an absolute spectacular, well-deserved blockbuster day for Snowflake.
So, a couple things. So, you're not taking any profits, for example, in Micron, given the crazy move that we've even seen since we last spoke, just as you said two weeks ago. Let me deal with that first, and I have another question about Snow and Databricks.
Great. Yeah, so yes, we are actively managing our portfolio, Scott. I can't give you every tick and trade, but I will say with these parabolic moves, we absolutely are making sure that we're taking down some of our exposure in names that exceed our price targets, rotating it into other names. But remember, on the All-In pod, we have this phrase, 'Let your winners run.' So, a key in this business is that you got to let the best companies continue to compound. You've heard me say it on this show before. A simple heuristic for the people watching at home, think about managing your portfolio in three sizes, small, medium, and large. And when things are all washed out, when everybody's despondent like they were earlier this year over the start of the Iran war, maybe you take your portfolio to a large position. When everybody gets euphoric, you may want to take your portfolio from that large position to a medium-sized position. In my parlance, I call it 369, 30%, 60%, 90%. So, of course, when we see these types of moves, we take off the table that we can redeploy when we see volatility in the market. That's our job.
