"Everyone is overlooking the elephant under the rug, and that's the spending," says Matt Calkins, CEO of Appian (APPN). He explains how investors should pay more attention to the hidden costs he associates with the AI trade. In discussing his company's latest earnings, Matt calls it a "beautiful quarter" that's misunderstood by Wall Street. He believes companies are underutilizing AI strategies and sees more software companies like his filling the gap.