All articles tagged with #snowflake
Snowflake plans to acquire Observe to enhance its AI Data Cloud with AI-powered observability solutions, enabling faster troubleshooting, open-standard architecture, and cost-effective telemetry data retention for large-scale AI applications.
SAP and Snowflake have announced a partnership to integrate Snowflake’s AI Data Cloud with SAP’s Business Data Cloud, enabling seamless, real-time, zero-copy data sharing and advanced AI applications across enterprises, with plans for general availability in 2026.
Palantir and Snowflake announced a partnership to enhance data pipelines and AI applications, leading to a rise in their stock prices, with Palantir up 139% in 2025 and Snowflake nearing a buy point, reflecting strong investor confidence in their collaboration and growth prospects.
Snowflake leads the 2025 Fortune Future 50 list of top growth companies, driven by AI and data analytics, with a new CFO, Brian Robins, aiming to sustain its momentum amid rising AI demand and revenue growth. The list highlights the dominance of U.S. tech firms in the AI-driven business landscape, while trust in responsible AI use is gradually increasing among Americans.
AI stocks surged as Nebius announced a $17.4 billion deal with Microsoft for AI infrastructure, boosting investor optimism. Nvidia, Snowflake, CoreWeave, and Oracle also saw gains amid positive developments in AI technology and investments, reflecting a rally driven by AI deal news.
Snowflake Inc. exceeded expectations with a strong revenue outlook and product sales growth, boosting its shares by 13% after reporting a positive quarter that defied industry fears of AI-driven competition impacting established software vendors.
Snowflake's stock surged over 13% after reporting Q2 earnings that beat Wall Street expectations, with adjusted earnings of 35 cents per share and revenue of $1.1 billion, and providing optimistic guidance for the upcoming quarter.
Snowflake is acquiring Crunchy Data, a Postgres database company, in a deal estimated at around $250 million, to enhance its database offerings and support AI-driven data solutions, including the upcoming launch of Snowflake Postgres.
Top Wall Street analysts have identified three stocks with promising prospects: ServiceNow, Snowflake, and Twilio. ServiceNow is praised for its AI-enabled workflow automation and strong growth potential, with a raised price target by Mizuho analyst Gregg Moskowitz. Snowflake impressed with its Q3 results, leading TD Cowen analyst Derrick Wood to increase its price target, citing strong data warehousing growth and AI workload traction. Twilio's market-beating Q3 performance and improved revenue outlook prompted Monness analyst Brian White to upgrade its stock, highlighting its recovery and attractive valuation.
Snowflake and Elastic received upgrades from Wedbush analyst Daniel Ives, who highlighted the growing importance of software in the AI sector. Ives raised his ratings for both companies to outperform, citing their potential to capitalize on AI use cases. Snowflake is expected to benefit significantly over the next 12 to 18 months, while Elastic is poised to leverage its platform approach amid rising AI demand. The upgrades reflect a broader shift in focus from hardware to software in the AI industry, with new price targets set for both companies.
The Dow Jones Industrial Average rose by 1.3% despite Nvidia's decline and Alphabet's 6% drop due to pressure from the Justice Department to divest its Chrome browser. Snowflake surged 32% following strong earnings and an optimistic outlook, while Bitcoin remained near record highs, boosting related stocks. The Nasdaq and S&P 500 also saw gains, with the Russell 2000 outperforming major indexes.
Snowflake's stock surged over 30% following an optimistic revenue forecast and a strategic partnership with Anthropic to enhance AI capabilities on its cloud platform. The company's product revenue increased by 29% in fiscal Q3, and its future revenue pipeline grew by 55%. Analysts have raised their price targets, reflecting confidence in Snowflake's AI-driven growth strategy under new CEO Sridhar Ramaswamy. The partnership with Anthropic positions Snowflake as a leader in integrating AI into enterprise data solutions.
Snowflake's shares surged over 28% after the company raised its annual product revenue forecast and announced a partnership with Anthropic to enhance AI applications using large language models. This boost in stock value, potentially increasing the company's market cap by over $12 billion, comes amid growing demand for cloud-based data solutions and improved sales execution. Analysts have responded positively, with many raising their price targets and upgrading ratings for the stock.
Snowflake's stock surged 30% after the company reported third-quarter results that exceeded expectations, with revenue rising 28% year-over-year to $942.1 million. Despite a net loss of $327.9 million, adjusted profits were better than anticipated. Snowflake also raised its product revenue outlook for fiscal 2025 and announced the acquisition of Datavolo and a partnership with Amazon-backed Anthropic to integrate AI models into its products.
Snowflake's stock surged 20% in after-hours trading following strong earnings and an improved revenue outlook, with fiscal 2025 product revenue now expected at $3.43 billion. The company also announced a partnership with AI startup Anthropic and the acquisition of Datavolo. Key price levels to watch include $145, $165, $182, and $200, with support around $125. Despite a 35% decline earlier this year, the stock's recent performance suggests a potential bullish reversal.