Snowflake Inc Stock Price, News & Analysis

Snowflake (NYSE: SNOW) has announced major AI initiatives including the opening of a Silicon Valley AI Hub in Menlo Park, a 30,000 square foot space set to launch in Summer 2025. The facility will serve as a collaboration center for developers, startups, and business leaders in the AI ecosystem.

The company unveiled three significant investments:

• The new AI Hub featuring startup spaces, event areas, training rooms, and executive facilities
• Up to $200 million investment in next-gen startups through the Snowflake Startup Accelerator Program
• $20 million commitment toward AI upskilling through the One Million Minds + One Platform program, aiming to train 100,000 users by 2027 and upskill one million people by 2029

Additionally, AWS has committed to provide up to $1 million in free Snowflake credits over four years to support startups building applications on Snowflake's platform. Currently, over 4,000 global companies utilize Snowflake's AI/ML capabilities in the AI Data Cloud.

Snowflake (NYSE: SNOW) has expanded its strategic partnership with Microsoft to integrate Azure OpenAI Service into Snowflake Cortex AI. This integration will enable enterprises to build AI-powered applications and data agents using OpenAI's models directly within Snowflake's secure platform.

The partnership includes two key developments: (1) OpenAI's models will be available through Azure AI Foundry in select U.S. Azure regions, with plans for global expansion, and (2) Snowflake Cortex Agents will be integrated with Microsoft 365 Copilot and Teams, with general availability expected in June 2025.

The integration provides enterprise customers with secure access to OpenAI's models within Snowflake's governance framework, allowing for cross-region and cross-cloud AI inference without complex setup. The solution addresses key enterprise concerns, as 59% of companies cite data governance, security, or privacy as challenges in deploying generative AI.

Snowflake (NYSE: SNOW) reported strong Q4 FY2025 financial results with product revenue of $943.3 million, up 28% year-over-year. Total revenue reached $986.8 million, representing 27% growth. The company maintained a robust net revenue retention rate of 126%.

Key metrics showcase significant customer growth, with 580 customers generating trailing 12-month product revenue exceeding $1 million (27% YoY growth) and 745 Forbes Global 2000 customers (5% YoY growth). Remaining performance obligations stood at $6.9 billion, marking a 33% year-over-year increase.

JPXI and Snowflake (NYSE: SNOW) have announced a priority partnership to distribute Japan's financial market data through Snowflake's platform. The collaboration is supported by J-LAKE, Japan Exchange Group's integrated data services platform launched in January 2025.

The partnership aims to improve market participants' access to JPXI's data offerings and enable cost-effective data analysis environments. Through J-LAKE, JPXI will conduct multifaceted analysis and develop new services to meet diverse client needs. The initial data sets are planned for release before the end of March 2025.

JPXI, established in 2022 as a subsidiary of Japan Exchange Group, will leverage this partnership to expand its data products' reach while creating new value through the J-LAKE platform. The collaboration combines JPXI's comprehensive data offerings with Snowflake's AI Data Cloud capabilities to enhance accessibility and efficiency for market participants.

Snowflake (NYSE: SNOW), the AI Data Cloud company, has announced its participation in two upcoming investor conferences. CEO Sridhar Ramaswamy will present at the Morgan Stanley TMT Conference on Monday, March 3rd, at 1:50 p.m. PT, while CFO Mike Scarpelli will speak at the Citizens JMP Securities Technology Conference on Tuesday, March 4th, at 10:30 a.m. PT.

Both presentations will be available via webcast on Snowflake's investor relations website at investors.snowflake.com. The webcasts will remain archived on the company's website for 30 days following the events.

Snowflake (NYSE: SNOW) has announced it will release its financial results for the fourth quarter and full year of fiscal 2025 after U.S. markets close on Wednesday, February 26, 2025. The company will host a conference call at 3 p.m. Mountain Time on the same day to discuss the results.

Investors can join the call by dialing (833) 470-1428 with access code 180858. International participants can find their regional dial-in numbers on the company's website. The call will be webcast live on Snowflake's Investor Relations website, with an audio replay available for 30 days after the event.

Snowflake (NYSE: SNOW) has announced its One Million Minds + One Platform program, backed by a $20 million investment. The initiative aims to train and certify over 100,000 users on the Snowflake AI Data Cloud by 2027 and upskill one million people on data and AI by 2029, all at no cost to learners.

The program focuses on two main areas: Snowflake for Academia, providing students with free access to software and training materials, and Snowflake Training for High Growth and Emerging Markets, offering platform training across various regions including ASEAN, Canada, Germany, India, Korea, LATAM, and Saudi Arabia.

The initiative responds to workforce concerns, as a 2024 Gallup poll shows 22% of workers fear job obsolescence due to AI advancement, while 72% of Fortune 500 CHROs anticipate AI replacing some jobs within three years. The new SnowPro Platform Associate Certification will be available from February 2025.

Snowflake and Anthropic have announced a multi-year strategic partnership to integrate Anthropic's Claude 3.5 models into Snowflake Cortex AI on AWS. The collaboration aims to enable over 10,000 global enterprises to develop AI products and workflows with enhanced security and governance. Claude 3.5 Sonnet will be available within Snowflake's platform, offering advanced reasoning and conversational abilities for enterprise data analysis. The partnership includes Snowflake's commitment to use Claude as a key model for its agentic AI offerings, including Snowflake Intelligence and Cortex Analyst.

Snowflake (NYSE: SNOW) has announced its agreement to acquire Datavolo, a platform specializing in multimodal data pipeline management. The acquisition aims to enhance Snowflake's capabilities in the 'bronze layer' of data lifecycle and simplify data engineering workloads. Datavolo, powered by Apache NiFi technology used by over 10,000 enterprises, will be integrated into Snowflake's platform to provide a unified connectivity solution for structured and unstructured data. The integration will enable customers to replace complex point-to-point connectors with flexible, reusable pipelines in Snowflake's AI Data Cloud.