Snowflake Updates Intelligence Platform and Cortex Code
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy SNOW?
Snowflake announced significant updates across Snowflake Intelligence and Cortex Code, advancing its vision to become the control plane for the agentic enterprise. As AI systems evolve from answering questions to taking action, these enhancements enable organizations to connect even more data sources, enterprise systems, and AI models with their trusted Snowflake data within a unified experience. This allows enterprises to align their data, tools, and workflows with AI agents built on Snowflake - enabling more seamless action on data that reflects how their business actually runs. Snowflake Intelligence now serves as a personal work agent for business users that adapts over time by learning individual preferences and workflows to deliver more relevant results and automate tasks - all while enabling deep, trusted insights grounded in governed enterprise data. In addition, Cortex Code is expanding as a builder layer for enterprise AI, bringing governed, data-native development across the enterprise data ecosystem so builders can create, orchestrate, and operationalize AI directly within the tools and systems they already use.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 146.400
Low
237.00
Averages
278.19
High
312.00
Current: 146.400
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technical Advantages: Graviton chips can handle a wide range of computing tasks, particularly suited for AI workloads, with Amazon claiming they offer the best performance-to-price ratio in its EC2 service while using 60% less energy, enhancing Meta's operational efficiency.
- Industry Trends: Meta's choice reflects a resurgence of CPU importance in the AI era, as demand for high-performance computing rises, with Graviton adoption positioning Meta as one of the top five customers, further solidifying its competitive stance in the AI sector.
See More
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- Data Center Expansion: With the completion of a new data center in Oklahoma, Meta will operate 32 data centers to handle increasing user loads, even as it announces layoffs of around 8,000 employees, or 10% of its workforce.
- Strategic Technology Choice: By opting for Graviton chips over other CPUs, Meta emphasizes its focus on performance and efficiency for AI workloads, positioning itself as one of the top five Graviton customers, thereby strengthening its competitive edge in the AI sector.
See More
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- Portfolio Adjustment: Abel has reportedly sold all stocks managed by former investment lieutenant Todd Combs, amounting to approximately $15 billion, indicating a decisive move by the new CEO that may lead to a shift in the company's investment style.
- Core Holdings Strategy: In his letter to shareholders, Abel identified nine 'core holdings' that he implied would see limited activity unless there are fundamental changes in their long-term economic prospects, suggesting a potential reduction in Berkshire's investment activity.
- Market Reaction Anticipation: Investors will gain insights into Berkshire's stock transactions for Q1 in the upcoming 10-Q filing due by May 2, which will provide crucial clues about Abel's future investment direction, although it may take several quarters to fully divest Combs' investments.
See More
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- Executive Shift Impact: Todd Combs, one of Buffett's top investment managers, has left for JPMorgan Chase, resulting in new CEO Greg Abel taking control of most of the portfolio, potentially affecting around $15 billion in asset allocation, reflecting significant changes in the company's governance structure.
- Portfolio Scale: Berkshire's total investment portfolio is approximately $322 billion, with Combs managing over 5% of it, equating to at least $16 billion, highlighting his importance in the company's investment strategy.
- Investment Strategy Shift: In his letter to shareholders, Abel indicated a commitment to maintaining core holdings, suggesting a potential shift towards a more passive investment strategy with fewer quarterly changes, which may alter investor expectations regarding the company's activity level.
- Market Reaction Expectations: While Abel stated that Ted Weschler would continue managing 6% of the portfolio, market uncertainty remains regarding Berkshire's future investment direction, prompting investors to closely monitor the upcoming first-quarter 10-Q report for more insights.
See More
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- Potential of Market Leaders: Analyst Gil Luria highlighted companies like ServiceNow, Dynatrace, and Box trading below cash flow levels, showing good growth and resilience despite market fluctuations, indicating opportunities for success amid technological disruption.
See More
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- Class Action Notice: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, to apply as lead plaintiffs by April 27, 2026, to participate in the class action and seek compensation.
- Fee Arrangement: Investors joining the class action will not incur any upfront costs, as the law firm operates on a contingency fee basis, thereby reducing the financial burden on investors.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies negatively impacted consumption and revenues, resulting in investor losses.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has achieved the largest settlement against a Chinese company, being ranked first by ISS Securities Class Action Services in 2017, highlighting its expertise and success rate in this field.
See More
