Snowflake Inc. is a cloud-based data warehousing company that provides a platform allowing businesses to store and analyze large amounts of data. By leveraging the power of the cloud, Snowflake enables organizations to access, manage, and derive insights from their data in real-time, facilitating data collaboration across multiple departments. Its innovative architecture allows for seamless scaling, enhanced security, and a user-friendly interface, making it an attractive solution for enterprises looking to harness the power of their data for better decision-making and operational efficiencies. Snowflake supports diverse data workloads and integrates easily with various data tools and applications, positioning itself as a leader in the data analytics space. Read More
Accenture (NYSE: ACN) and Snowflake (NYSE: SNOW), the AI Data Cloud company, are expanding their collaboration to scale generative AI innovation and business outcomes for clients, such as Caterpillar. With the formation of the Accenture Snowflake Business Group, announced today, the companies can help more enterprises reinvent their business models by harnessing the power of cloud, AI and data, anchored by Accenture AI Refinery™, and recent innovations such as Snowflake Intelligence and Snowflake Cortex AI.
Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced a major milestone in its strategic collaboration with Amazon Web Services (AWS), doubling its transaction growth in AWS Marketplace YoY to exceed $2 billion in sales in a calendar year. Building on this milestone, Snowflake has leveraged AWS Marketplace to reach and serve customers by accelerating adoption, simplifying procurement, and fueling global growth. With new innovations, Snowflake in collaboration with AWS is helping customers modernize their data platforms and create AI-ready architectures with open standards and unified governance. Snowflake was also honored by AWS across 14 Partner Award categories, including Data & Analytics, GenAI Tools, and Infrastructure Partner of the Year.
Snowflake (NYSE: SNOW), the AI Data Cloud company, and Anthropic, an AI safety and research company, today announced a significant expansion of their strategic partnership. The multi-year, $200 million agreement will not only make Anthropic’s Claude models available in the Snowflake platform to more than 12,600 global customers across all three major clouds, but also establishes a joint global go-to-market (GTM) initiative focused on deploying AI agents across the world's largest enterprises. Claude will also serve as a key model powering Snowflake’s enterprise intelligence agent, Snowflake Intelligence, to transform the nature of work by delivering all an organization’s knowledge through one trusted agent that sparks curiosity, encourages exploration, and accelerates innovation.
Shares of cloud data platform provider Snowflake (NYSE:SNOW) jumped 3.1% in the afternoon session after peer, MongoDB reported third-quarter 2025 financial results that surpassed Wall Street's expectations and raised its full-year earnings forecast. For the quarter, MongoDB announced total revenue of $628.3 million, an 18.7% increase from the same period last year, beating estimates of $594.3 million. Adjusted earnings per share came in at $1.32, which was also well ahead of the $0.79 analysts had predicted. The database platform company also added 2,600 new customers during the quarter, bringing its total to 62,500. Looking ahead, MDB showed confidence by issuing fourth-quarter revenue guidance that was 6.5% above analyst expectations and increasing its earnings guidance for the full year by nearly 30% at the midpoint.
Snowflake Inc (NASDAQ:SNOW) shares are jumping on Tuesday, moving in tandem with MongoDB Inc (NASDAQ:MDB) after both data platform companies saw their stocks jump in after-hours trading Monday.
Analysts have been raising price targets ahead of Snowflake’s Q3 results, while retail traders on Stocktwits are positioning for a potential post-earnings move.
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