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03.09.26 - 19:31
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AI Fuels Snowflake′s Accelerating Revenue Growth (Bloomberg)
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Snowflake posted a third straight quarter of accelerating product revenue growth and raised its full-year outlook, with CEO Sridhar Ramaswamy saying AI accounted for about half of the company's outperformance. He discusses the rapid adoption of Snowflake's AI coding agent Coco, growing customer usage, and how the company is competing with Databricks in the race to turn enterprise data into AI-driven growth. He joins Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)...
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03.09.26 - 16:54
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Nvidia Up on Acquisition; Snowflake Jumps on Outlook | Stock Movers (Bloomberg)
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On this episode of Stock Movers:
- Nvidia (NDVA) shares are a tick higher this morning as it has agreed to acquire artificial intelligence startup Hugging Face in a transaction valued at about $13 billion.
- Snowflake (SNOW) jumped this morning after it raised its outlook for annual sales, topping analysts' estimates, and reported rapid adoption of its AI-assisted coding tool. The company said more than 2,000 customer accounts started using its coding assistant called CoCo during the quarter, bringing the total to 9,100.
- Meta (META) shares are higher as the social media giant released its most powerful artificial intelligence model yet. Meanwhile, other technology and growth stocks also advanced as oil prices and Treasury yields are showing signs of stabilization. (Source: Bloomberg)...
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03.09.26 - 00:24
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Snowflake Q2 Loss Narrows As Revenue Surges 35% (AFX)
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WASHINGTON (dpa-AFX) - Snowflake (SNOW), an AI Data Cloud company, on Wednesday reported results for the second quarter, with net loss narrowing from last year as revenues grew 35%.The company pos......
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