← Core Scientific, Inc. Common Stock overview

Core Scientific, Inc. Common Stock vs Snowflake: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

Core Scientific, Inc. Common Stock (CORZ)

Q3 2026
▲2▼2

Core Scientific's AI pivot drove gains, but sector risks weighed

  • AMD AI Deal and Analyst Upgrades Core Scientific signed a 15-year, $14 billion deal with AMD to provide up to 2.5 GW for AI data centers, prompting analyst upgrades and a Third Point stake.

    This major deal and resulting analyst optimism were key positive drivers for the stock.

  • Oklahoma Expansion The company bought a 440 MW site in Oklahoma for $444 million, expanding its Muskogee campus toward 1.5 GW to support AI infrastructure growth.

    This expansion supports future capacity and growth prospects, positively impacting the stock.

  • Sector Selloff on Hardware Writedown IREN's $638.8 million hardware writedown triggered a sector selloff, dragging CORZ down 7% and highlighting risks of capital-intensive hardware obsolescence.

    This event directly caused a decline in CORZ's stock price during the period.

  • Payoff Uncertainty and Financing Risks Miners spent $30.7 billion on AI infrastructure versus just $341 million in AI revenue, creating payoff uncertainty; undisclosed financing terms on the Oklahoma purchase add cash risk.

    These factors create uncertainty and potential financial strain, negatively impacting investor sentiment.

September 2026
▲3▼1

CORZ Expands Power and AMD AI Lease as Costs and Peer Risk Grow

  • CORZ buys 440 MW Oklahoma power site for $444M Core Scientific closed a $444 million cash purchase of Polaris DS, adding about 440 megawatts of grid-connected power in Oklahoma and pushing its Muskogee campus toward 1.5 gigawatts. More leasable power means more future AI rental income, which supports the stock. But financing terms were not disclosed, so the cash cost is a real risk.

    This is the period's biggest company-specific event and directly expands CORZ's AI hosting capacity.

  • AMD's AI roadmap confirms 2.5 GW Core Scientific commitment AMD's data center revenue more than doubled and its Helios platform has secured commitments for up to 2 gigawatts of MI450 GPUs and 2.5 gigawatts of data center capacity from Core Scientific. A strong, committed AI chip partner makes CORZ's future lease revenue more credible and draws investor attention.

    It shows the AMD partnership is backed by real product demand, not just a headline deal.

  • IREN writedown triggers sector-wide AI data center selloff IREN's $638.8 million impairment on obsolete mining hardware sent its shares down 13% and dragged CORZ and other AI data center pure plays down 7% each. The episode shows investors punish capital-intensive operators when old equipment loses value, a reminder that CORZ carries similar hardware and spending risk.

    It is the period's clearest negative price driver and highlights a risk that applies directly to CORZ.

  • Dan Loeb's Third Point opens a Core Scientific stake Billionaire investor Dan Loeb's hedge fund disclosed a new $1.38 million position in Core Scientific, alongside bigger bets on other Bitcoin miners pivoting to AI. A well-known fund buying in signals confidence in the AI landlord strategy and can attract other investors to the stock.

    It is new evidence of institutional money backing the AI pivot that drives CORZ's story.

Latest
▲3▼1

CORZ Expands Power and AMD AI Lease as Costs and Peer Risk Grow

  • CORZ buys 440 MW Oklahoma power site for $444M Core Scientific closed a $444 million cash purchase of Polaris DS, adding about 440 megawatts of grid-connected power in Oklahoma and pushing its Muskogee campus toward 1.5 gigawatts. More leasable power means more future AI rental income, which supports the stock. But financing terms were not disclosed, so the cash cost is a real risk.

    This is the period's biggest company-specific event and directly expands CORZ's AI hosting capacity.

  • AMD's AI roadmap confirms 2.5 GW Core Scientific commitment AMD's data center revenue more than doubled and its Helios platform has secured commitments for up to 2 gigawatts of MI450 GPUs and 2.5 gigawatts of data center capacity from Core Scientific. A strong, committed AI chip partner makes CORZ's future lease revenue more credible and draws investor attention.

    It shows the AMD partnership is backed by real product demand, not just a headline deal.

  • IREN writedown triggers sector-wide AI data center selloff IREN's $638.8 million impairment on obsolete mining hardware sent its shares down 13% and dragged CORZ and other AI data center pure plays down 7% each. The episode shows investors punish capital-intensive operators when old equipment loses value, a reminder that CORZ carries similar hardware and spending risk.

    It is the period's clearest negative price driver and highlights a risk that applies directly to CORZ.

  • Dan Loeb's Third Point opens a Core Scientific stake Billionaire investor Dan Loeb's hedge fund disclosed a new $1.38 million position in Core Scientific, alongside bigger bets on other Bitcoin miners pivoting to AI. A well-known fund buying in signals confidence in the AI landlord strategy and can attract other investors to the stock.

    It is new evidence of institutional money backing the AI pivot that drives CORZ's story.

July 2026
▲3▼1

Core Scientific pivots to AI data centers with AMD deal, but spending risks loom

  • AMD deal transforms Core Scientific into AI data-center landlord Core Scientific signed a 15-year, $14 billion deal with AMD to provide up to 2.5 gigawatts of data-center capacity, starting with over 500 megawatts in 2027. This shifts its business from Bitcoin mining to hosting AI computing power.

    This is the central new event that redefines Core Scientific's business and drives bullish sentiment.

  • Analyst upgrades and price target hikes on AI pivot KBW upgraded Core Scientific to Outperform with a $28 target, and BTIG raised its target to $38. Morgan Stanley's projected 38 GW power shortage makes Core Scientific's ready-to-use sites scarce and valuable.

    Analyst actions and power shortage projections directly boost investor confidence and the stock's perceived value.

  • AI rally and miner ETF surge spotlight the shift AMD's AI rally and a 97% surge in a miners ETF highlighted the industry's move to AI, with potential contracted revenue for Core Scientific cited as high as $24 billion.

    Market momentum and sector enthusiasm amplify the positive narrative around Core Scientific's transformation.

  • Heavy AI spending with little revenue raises payoff uncertainty Miners spent $30.7 billion on AI data centers in 2026 versus just $341 million in AI revenue—roughly 15 times spending. This heavy upfront cost and uncertain payoff could pressure the stock if returns disappoint.

    This is the main risk that could undermine the bullish thesis and drag on the stock price.

▲3▼1

AMD Deal and AI Landlord Shift Drive CORZ, but Heavy Spending Is a Risk

  • AMD deal nearly doubles leased capacity and adds $24B potential revenue Core Scientific's new AMD partnership gives AMD access to over 500 megawatts of data-center space from 2027, expandable to 2.5 gigawatts. This almost doubles total leased power to about 1.1 gigawatts and could bring in more than $24 billion over many years, making future rental income larger and more predictable.

    This is the biggest new event of the period and directly explains why CORZ is moving.

  • AI power shortage makes existing Bitcoin-mining sites more valuable Morgan Stanley projects a 38-gigawatt electricity gap for U.S. data centers through 2028. Repurposed Bitcoin mining sites like Core Scientific's are named as a solution. This boosts CORZ because its ready-to-use power and land become scarce, valuable assets that AI customers need.

    It explains a broad industry force that lifts demand for CORZ's power assets.

  • AMD's AI push and miner ETF surge spotlight CORZ's landlord role AMD reported strong sales and launched new AI products, reinforcing its partnership with Core Scientific. Meanwhile, a Bitcoin miners ETF jumped 97% in a year even as bitcoin fell 46%, because investors now value these companies for AI leases. This draws more attention and money to CORZ.

    It shows growing investor recognition of CORZ's AI landlord business, supporting the stock.

  • AI spending is 15 times AI revenue, raising concerns about heavy costs Listed Bitcoin miners spent $30.7 billion on AI data centers in 2026, but reported only $341 million in AI revenue in the first half — about 15 times spending. Core Scientific accounts for most of the revenue increase, but the huge gap means big upfront costs and uncertain payoffs, which could pressure the stock if returns disappoint.

    It is the main counterweight: heavy capital spending with low current returns could hurt CORZ if investors worry about profitability.

▲4

AMD Deal Turns Core Scientific Into an AI Data-Center Landlord

  • AMD signs 15-year, $14B AI infrastructure deal Core Scientific will lease up to 2.5 gigawatts of data-center capacity to AMD, starting with over 500 MW in 2027. The 15-year agreement could bring in more than $14 billion of contracted revenue, shifting the company from bitcoin mining to AI computing. This directly boosts future sales and makes earnings more predictable.

    This is the single biggest new event of the period and the main reason CORZ is moving.

  • KBW upgrades CORZ to Outperform, sees 35% upside After the AMD deal, KBW upgraded the stock and raised its price target to $28. The bank values the contracted AMD leases at about $23 per share and sees more upside if AMD reserves additional power. This analyst support gives investors confidence that the deal is worth more than the market initially priced in.

    It shows a major analyst re-rating the stock because of the AMD deal, reinforcing the positive impact.

  • BTIG raises price target to $38 on data-center momentum BTIG lifted its target to $38 from $33, pointing to fast data-center construction and strong demand for ready-to-use power. Core Scientific recently raised $3.3 billion in debt and expanded its power pipeline to 4.5 gigawatts, giving it the financial muscle to build for AI customers. This supports the growth story.

    It highlights analyst recognition of the company's expanding capacity and funding, which underpins the stock's rise.

  • AMD stock rally spotlights Core Scientific partnership AMD shares jumped 12.7% as AI chip demand rebounded, drawing fresh attention to its deal with Core Scientific. The agreement gives AMD access to over 500 megawatts of AI-ready capacity from 2027, with potential to expand fivefold. As AMD's AI business grows, so does the value of Core Scientific's role as its landlord.

    It shows how broader AI enthusiasm is spilling over to benefit CORZ through its AMD partnership.

Snowflake Inc. (SNOW)

Q3 2026
▼3▲1

Snowflake's AI growth accelerates, but competition and dilution weigh

  • AI momentum drives raised guidance Snowflake raised its full-year product revenue growth outlook to 30–37%, with AI products driving roughly half the acceleration. Analyst endorsements and new regulated-industry AI integrations further boosted confidence.

    This is the core positive force behind Snowflake's stock in Q3, showing accelerating AI-driven demand.

  • Databricks' massive funding intensifies competition Databricks raised $188 billion, escalating competition in the data and AI platform market. This threatens Snowflake's market share and pricing power, a key risk for future growth.

    It highlights a major competitive threat that emerged this quarter and could pressure Snowflake's stock.

  • Profitability and dilution concerns mount Snowflake posted a $191 million GAAP net loss, gross margin guidance slipped to 74% on lower-margin AI compute, and a $3.75 billion convertible note raised dilution worries. The CEO's $448 million pay package adds further dilution and retention-cost concerns.

    These financial and governance issues are significant counterweights that could limit upside and weigh on investor sentiment.

  • Institutional ownership declines and short interest rises Hedge fund ownership fell from 90 to 80 funds, and short interest rose to 6.65%, signaling waning institutional confidence and increased bearish bets. This can amplify stock volatility and downside pressure.

    It reflects a shift in investor positioning that can directly affect Snowflake's stock price.

September 2026
▲2▼2

Snowflake's AI Surge Lifts Guidance, But Losses and Dilution Weigh

  • Strong Q2 results and raised guidance Snowflake's Q2 revenue beat estimates, product revenue jumped 37%, and full-year guidance was raised to $6.07 billion. AI products CoCo and CoWork drove about half of the growth acceleration, supporting the premium valuation.

    This is the core positive fundamental driver for the period.

  • Analyst upgrades and AI vendor recognition Analysts raised price targets, and Jefferies named Snowflake a top AI data vendor. This recognition reinforces the bullish case and can attract more investors, pushing the stock higher.

    Analyst actions and recognition are new positive catalysts for the period.

  • GAAP net loss and margin pressure Snowflake reported a GAAP net loss of $191 million, and gross margin guidance fell to 74% due to lower-margin AI compute. This shows profitability remains a challenge and can weigh on the stock.

    This is a key negative factor highlighting ongoing profitability concerns.

  • Convertible note offering raises dilution concerns A $3.75 billion convertible note offering raised dilution and balance-sheet concerns. This can pressure the stock as investors worry about shareholder value and financial leverage.

    This is a new negative event that could impact investor sentiment.

Latest
▲3▼1

Snowflake's AI-Driven Beat Fuels Analyst Upgrades, but Convertible Debt Raises Dilution Concerns

  • Analyst price target hikes after Q2 beat Eight firms raised Snowflake price targets after Q2 revenue rose 35% and product revenue 37%, with AI tools driving half the acceleration. Higher targets signal confidence in future growth, which supports the stock price.

    This is a new event that directly boosts investor sentiment and the stock price.

  • Rising earnings estimates and Zacks Buy rank Zacks highlighted sharply rising consensus estimates and rated Snowflake a Buy (Rank #2). Upward estimate revisions often attract more investors, pushing the stock higher.

    This is a new development that reinforces positive momentum and can drive buying.

  • $3.75 billion convertible note offering Snowflake raised $3.75 billion in zero-coupon convertible notes, which could dilute existing shareholders if converted. The market initially reacted negatively, and the debt adds balance-sheet risk, weighing on the stock.

    This is a new financing event that creates uncertainty and potential dilution, a key driver of recent price movement.

  • Jefferies names Snowflake a top AI data plumbing vendor Jefferies listed Snowflake as a top beneficiary of continued AI innovation under a divided Congress and potential national AI policy. This endorsement highlights Snowflake's strategic position in AI infrastructure, supporting demand and the stock price.

    This is a new analyst view that underscores Snowflake's role in AI, a positive driver for the stock.

▲3

Snowflake's AI-Driven Q2 Beat and Raised Outlook Fuel 37% Product Growth

  • AI products drive 37% product revenue growth and raised guidance Snowflake's Q2 product revenue jumped 37% to $1.49 billion, with AI tools like CoCo and CoWork contributing roughly half of the growth acceleration. Management raised full-year product revenue guidance to $6.07 billion, signaling that AI investments are converting into real sales and supporting a higher stock price.

    This is the core new event of the period: a major earnings beat and raised outlook that directly explains the stock's surge.

  • Analyst price target hikes and broad software rally After the earnings beat, analysts raised price targets, with Citigroup moving to $490 and Cantor to $405. The strong results also lifted software peers like Salesforce and ServiceNow, showing that Snowflake's success is part of a wider enterprise AI spending wave that boosts the whole sector.

    This explains the market reaction and the positive sentiment that pushed the stock up sharply after earnings.

  • GAAP losses and lower gross margin guidance temper the beat Despite strong revenue, Snowflake reported a GAAP net loss of $191 million and lowered its full-year gross margin guidance to 74% from 75%, citing lower margins from AI compute workloads. This is a real counterweight: the company is growing fast but still unprofitable, and AI workloads are less profitable than its core business.

    It provides the necessary balance, showing that the growth comes with costs that could pressure future profits.

  • New AI product CoCo and expanding partner ecosystem Snowflake launched CoCo, a coding assistant for enterprise data and AI, and highlighted clients like Sayari rebuilding on its AI Data Cloud, plus partner milestones with Optimove, Varonis, and CrowdStrike. This expands Snowflake beyond data warehousing, opening new revenue streams and deepening customer reliance on its platform.

    It shows the company is innovating and broadening its offerings, which supports long-term growth and justifies a premium valuation.

▲4

Snowflake's AI Products Drive Blowout Quarter and Raised Outlook

  • Q2 earnings beat and raised guidance Snowflake reported Q2 revenue of $1.55 billion and EPS of $0.62, beating estimates, and raised full-year product revenue guidance to $6.07 billion. This shows the business is growing faster than expected, which pushes the stock up because investors pay more for faster growth.

    This is the core new event that directly caused the stock's surge and answers why SNOW is moving.

  • AI products drive growth acceleration AI tools CoCo and CoWork contributed roughly half of the growth acceleration, with CoCo reaching 9,100 accounts and CoWork 5,800. This proves Snowflake's AI investments are turning into real sales, supporting the stock's premium valuation and future growth prospects.

    It explains the underlying driver of the earnings beat and why investors are excited about SNOW's AI strategy.

  • Net new customers and large customer growth Snowflake added 692 net new customers and now has 828 customers paying over $1 million annually, with net revenue retention at 126%. This shows the platform is attracting and keeping big spenders, which supports long-term revenue growth and justifies a higher stock price.

    It highlights the strength of Snowflake's customer base, a key metric investors watch for durable growth.

  • Broad tech rally and Fed rate hopes Snowflake's surge coincided with a broad tech rally after Nvidia's $13 billion Hugging Face deal and Fed comments suggesting rates may stay put. This lifts tech stocks broadly, adding market-wide momentum that amplifies Snowflake's gain.

    It provides context for the broader market environment that helped push SNOW higher, though it's secondary to company-specific news.

August 2026
▲3▼1

Snowflake's AI products gain traction, but hedge funds trim and losses persist

  • AI product traction drives 30% revenue growth guidance Snowflake projected 30% year-over-year product revenue growth for the current quarter, citing rapid adoption of AI tools like Cortex Code (7,100+ accounts) and Snowflake Intelligence (accounts doubled). This shows AI investments are converting into real sales, supporting the stock's premium valuation.

    This is the core fundamental driver of the period, directly explaining why SNOW is moving up.

  • Snowflake raises guidance on early AI product success Snowflake raised its guidance after seeing enough traction with an early AI product to attribute the increase specifically to it, and beat consensus on revenue and earnings. This signals management confidence and strengthens the bull case, pushing the stock higher.

    Guidance raise is a new, concrete positive catalyst that directly affects investor expectations.

  • Hedge funds trim Snowflake stakes, short interest rises Hedge fund ownership fell from 90 to 80 funds, and short interest rose to 6.65% of float. This reflects growing caution among professional investors, which can pressure the stock price as sentiment weakens.

    This is a real counterweight showing that not all investors are bullish, balancing the positive AI narrative.

  • $6 billion AWS deal and new AI integrations expand ecosystem Snowflake signed a $6 billion multiyear AWS commitment and launched new AI security and data partnerships (1Password, Zeotap). These deepen its platform lock-in and open new demand channels, supporting long-term revenue growth and the stock's momentum.

    The AWS deal is a major new commitment that validates Snowflake's growth strategy and ecosystem strength.

▲3▼1

Snowflake's AI products gain traction, but hedge funds trim and losses persist

  • AI product traction drives 30% revenue growth guidance Snowflake projected 30% year-over-year product revenue growth for the current quarter, citing rapid adoption of AI tools like Cortex Code (7,100+ accounts) and Snowflake Intelligence (accounts doubled). This shows AI investments are converting into real sales, supporting the stock's premium valuation.

    This is the core fundamental driver of the period, directly explaining why SNOW is moving up.

  • Snowflake raises guidance on early AI product success Snowflake raised its guidance after seeing enough traction with an early AI product to attribute the increase specifically to it, and beat consensus on revenue and earnings. This signals management confidence and strengthens the bull case, pushing the stock higher.

    Guidance raise is a new, concrete positive catalyst that directly affects investor expectations.

  • Hedge funds trim Snowflake stakes, short interest rises Hedge fund ownership fell from 90 to 80 funds, and short interest rose to 6.65% of float. This reflects growing caution among professional investors, which can pressure the stock price as sentiment weakens.

    This is a real counterweight showing that not all investors are bullish, balancing the positive AI narrative.

  • $6 billion AWS deal and new AI integrations expand ecosystem Snowflake signed a $6 billion multiyear AWS commitment and launched new AI security and data partnerships (1Password, Zeotap). These deepen its platform lock-in and open new demand channels, supporting long-term revenue growth and the stock's momentum.

    The AWS deal is a major new commitment that validates Snowflake's growth strategy and ecosystem strength.

July 2026
▲2▼1

Snowflake's AI momentum builds as competition and valuation stay in focus

  • Analyst and media endorsements lift sentiment Jim Cramer's buy call and a growth-stock recommendation highlight Snowflake's AI software position and a total market opportunity that could double to $460 billion by fiscal 2031. These endorsements draw investor attention and support demand for the shares.

    Shows outside validation that can pull new buyers into the stock.

  • New AI integrations expand regulated-industry reach Snowflake integrated Rogo's secure AI tooling so banks and asset managers can run AI on sensitive financial data without moving it. This deepens Snowflake's role in regulated sectors, a durable demand driver that supports product revenue growth.

    A concrete new product expansion that widens Snowflake's addressable market.

  • CEO pay package ties huge award to stock milestones Snowflake unveiled a pay plan worth up to about $448 million for CEO Sridhar Ramaswamy, payable only if the market value nearly doubles to $184 billion within seven years. It aligns leadership with shareholders but could raise concerns about dilution and retention costs.

    A new governance and capital item that affects how investors view management incentives.

  • Databricks funding round intensifies rivalry Databricks signed a term sheet for a funding round valuing it at $188 billion, with capital earmarked for AI expansion and acquisitions. A better-funded rival pressures Snowflake's pricing and market share in data and AI platforms.

    Directly shows the competitive threat that can cap Snowflake's upside.

▲2▼1

Snowflake's AI momentum builds as competition and valuation stay in focus

  • Analyst and media endorsements lift sentiment Jim Cramer's buy call and a growth-stock recommendation highlight Snowflake's AI software position and a total market opportunity that could double to $460 billion by fiscal 2031. These endorsements draw investor attention and support demand for the shares.

    Shows outside validation that can pull new buyers into the stock.

  • New AI integrations expand regulated-industry reach Snowflake integrated Rogo's secure AI tooling so banks and asset managers can run AI on sensitive financial data without moving it. This deepens Snowflake's role in regulated sectors, a durable demand driver that supports product revenue growth.

    A concrete new product expansion that widens Snowflake's addressable market.

  • CEO pay package ties huge award to stock milestones Snowflake unveiled a pay plan worth up to about $448 million for CEO Sridhar Ramaswamy, payable only if the market value nearly doubles to $184 billion within seven years. It aligns leadership with shareholders but could raise concerns about dilution and retention costs.

    A new governance and capital item that affects how investors view management incentives.

  • Databricks funding round intensifies rivalry Databricks signed a term sheet for a funding round valuing it at $188 billion, with capital earmarked for AI expansion and acquisitions. A better-funded rival pressures Snowflake's pricing and market share in data and AI platforms.

    Directly shows the competitive threat that can cap Snowflake's upside.

Q2 2026
▲3

Snowflake's AI products drive growth reacceleration and raised guidance

  • Cortex Code AI drives fastest-ever product adoption Snowflake's new AI coding assistant, Cortex Code, is now used by over 7,100 accounts and is the fastest-adopting product in company history. It speeds up development and boosts use of Snowflake's core data platform, pushing product revenue growth to 34% and lifting the full-year outlook from 27% to 31%.

    This is the core new driver behind the raised guidance and growth reacceleration, directly lifting SNOW's price.

  • Unlimitail picks Snowflake for retail media data hub Unlimitail selected Snowflake Data Clean Rooms to power a new retail media network across 120 retail sites, 250 million shoppers, and 35+ retail partners in Europe and Latin America. This expands Snowflake's presence in privacy-preserving data collaboration, driving demand for its platform.

    A new customer win that broadens Snowflake's use cases and supports future revenue growth.

  • Cathie Wood's Ark funds buy $52 million of SNOW Cathie Wood's Ark funds initiated a $52 million position in Snowflake, signaling institutional confidence. This follows a 41% surge in the past month, driven by strong earnings and a $6 billion AWS infrastructure deal. The buying adds capital and supports the stock price.

    A notable institutional purchase that can boost investor sentiment and demand for the stock.

  • Valuation and competition remain key risks Despite the AI-driven comeback, Snowflake trades at a very high forward earnings multiple (118x) and still posts a GAAP operating loss. Analysts warn the valuation leaves little room for disappointment if competition intensifies or growth slows, capping upside potential.

    This is the main counterweight to the positive drivers, giving a fair picture of the risks that could push SNOW down.

June 2026
▲3

Snowflake's AI products drive growth reacceleration and raised guidance

  • Cortex Code AI drives fastest-ever product adoption Snowflake's new AI coding assistant, Cortex Code, is now used by over 7,100 accounts and is the fastest-adopting product in company history. It speeds up development and boosts use of Snowflake's core data platform, pushing product revenue growth to 34% and lifting the full-year outlook from 27% to 31%.

    This is the core new driver behind the raised guidance and growth reacceleration, directly lifting SNOW's price.

  • Unlimitail picks Snowflake for retail media data hub Unlimitail selected Snowflake Data Clean Rooms to power a new retail media network across 120 retail sites, 250 million shoppers, and 35+ retail partners in Europe and Latin America. This expands Snowflake's presence in privacy-preserving data collaboration, driving demand for its platform.

    A new customer win that broadens Snowflake's use cases and supports future revenue growth.

  • Cathie Wood's Ark funds buy $52 million of SNOW Cathie Wood's Ark funds initiated a $52 million position in Snowflake, signaling institutional confidence. This follows a 41% surge in the past month, driven by strong earnings and a $6 billion AWS infrastructure deal. The buying adds capital and supports the stock price.

    A notable institutional purchase that can boost investor sentiment and demand for the stock.

  • Valuation and competition remain key risks Despite the AI-driven comeback, Snowflake trades at a very high forward earnings multiple (118x) and still posts a GAAP operating loss. Analysts warn the valuation leaves little room for disappointment if competition intensifies or growth slows, capping upside potential.

    This is the main counterweight to the positive drivers, giving a fair picture of the risks that could push SNOW down.

▲3

Snowflake's AI products drive growth reacceleration and raised guidance

  • Cortex Code AI drives fastest-ever product adoption Snowflake's new AI coding assistant, Cortex Code, is now used by over 7,100 accounts and is the fastest-adopting product in company history. It speeds up development and boosts use of Snowflake's core data platform, pushing product revenue growth to 34% and lifting the full-year outlook from 27% to 31%.

    This is the core new driver behind the raised guidance and growth reacceleration, directly lifting SNOW's price.

  • Unlimitail picks Snowflake for retail media data hub Unlimitail selected Snowflake Data Clean Rooms to power a new retail media network across 120 retail sites, 250 million shoppers, and 35+ retail partners in Europe and Latin America. This expands Snowflake's presence in privacy-preserving data collaboration, driving demand for its platform.

    A new customer win that broadens Snowflake's use cases and supports future revenue growth.

  • Cathie Wood's Ark funds buy $52 million of SNOW Cathie Wood's Ark funds initiated a $52 million position in Snowflake, signaling institutional confidence. This follows a 41% surge in the past month, driven by strong earnings and a $6 billion AWS infrastructure deal. The buying adds capital and supports the stock price.

    A notable institutional purchase that can boost investor sentiment and demand for the stock.

  • Valuation and competition remain key risks Despite the AI-driven comeback, Snowflake trades at a very high forward earnings multiple (118x) and still posts a GAAP operating loss. Analysts warn the valuation leaves little room for disappointment if competition intensifies or growth slows, capping upside potential.

    This is the main counterweight to the positive drivers, giving a fair picture of the risks that could push SNOW down.

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