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via finance.yahoo.comTech & AI

Snowflake (SNOW) rides enterprise AI push, competing with AVGO and ORCL

FROM THE WIRE · FINANCE.YAHOO.COM

Snowflake SNOW is benefiting from accelerating enterprise adoption of artificial intelligence (AI), growing demand for cloud-based data platforms, and expanding AI-powered workloads. Its strong AI Data Cloud portfolio, rapid product innovation and enterprise partnerships…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishSolid quarterly results from an AI-linked software company, relevant for the tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Product revenues rose 37% year over year to $1.49 billion.
  2. 02The company added 692 net new customers, reaching 14,554.
  3. 03Net revenue retention stands at 126%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Snowflake Inc.SNOWStock338.87 USD+0.02%today +1.17%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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