Snowflake Option Alert: Nov 21 $230 Calls at the Ask: 550 vs 309 OI; Earnings 5/21 After Close 

Snowflake Option Alert: Nov 21 $230 Calls at the Ask: 550 @ $10.2 vs 309 OI; Earnings 5/21 After Close Ref=$182.18

Snowflake Option Alert: May 23 $197.5 Calls Sweep (3) near the Bid: 1500 vs 58 OI; Earnings 5/21 After Close 

Snowflake Option Alert: May 23 $197.5 Calls Sweep (3) near the Bid: 1500 @ $4.124 vs 58 OI; Earnings 5/21 After Close Ref=$180.2

Snowflake (NYSE:SNOW) Azioni

SNOWFLAKE INC-CLASS A

Snowflake

Founded in 2012, Snowflake is a fully managed platform that consolidates data hosted on different public clouds for centralized analytics and governance. Snowflake's cloud-native architecture allows users to independently scale the compute and storage layers, providing customers with optimized performance at lower costs. The company's data lake and data warehouse products support a variety of use cases, including business analytics, data engineering, and artificial intelligence. Snowflake is widely used by Fortune 2000 companies in financial services, media, and retail sectors.

Intrawest Resorts

Stuttgart,,Germany,-,09-14-2022:,Person,Holding,Smartphone,With,Logo,Of

Analyst Color

Long Ideas

News

Markets

Media

Trading Ideas

ARWR

SNOW

Dal &#34;Lightning Round&#34; della CNBC, i verdetti che agitano Wall Street: le società promosse, quelle bocciate e le motivazioni.

Jim Cramer: le azioni da comprare subito e quelle da cui stare lontani

Feb,19,,2020,San,Mateo, - ,Ca, - ,Usa,-

Earnings

Pre-Market Outlook

I titoli più interessanti della giornata attirano l&#39;attenzione degli investitori. Le previsioni indicano possibili movimenti chiave.

Wall Street e le azioni da tenere d&#39;occhio oggi: ecco quali sono

Palantir shutterstock_2201539425

Equities

PLTR

Nonostante Palantir abbia annunciato una notevole accelerazione nella crescita dei ricavi il titolo subisce una forte flessione pre-market.

Crescita esplosiva per Palantir, ma Wall Street non ci crede: il titolo crolla nel pre-market

Snowflake Inc

Snow Lake Resources Ltd

Snowline Gold Corp

Needham analyst Mike Cikos reiterates Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and maintains $230 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on Snowflake, Maintains $230 Price Target

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares were trending on Wednesday after multiple analysts raised their price targets in response to a wave of product updates announced at the<a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45776141/snowflake-just-hired-500-sellers-is-this-the-start-of-a-full-scale-ai-land-grab"> company's annual Summit</a>.
Analyst Ratings: UBS upgraded Snowflake from Neutral to Buy on Wednesday and raised its price target from $210 to $265. Multiple other analyst firms adjusted targets and reiterated positive ratings. Here&#8217;s a roundup of the changes:
<ul class="wp-block-list">
<li>Loop Capital raised its target from $220 to $245.</li>
<li>RBC boosted its target from $236 to $250.</li>
<li>Evercore ISI increased its target from $232 to $240.</li>
<li>Mizuho raised its target from $215 to $235.</li>
<li>JMP Securities reiterated Market Outperform with a price target of $245.</li>
<li>DA Davidson maintained Buy with a price target of $250.</li>
</ul>
Analysts responded to a slate of announcements from Snowflake as the company continues to expand its AI and data platform strategy. Snowflake launched Snowflake Openflow, a new data ingestion service powered by Apache NiFi, which allows customers to pull in structured and unstructured data from almost any source.
Snowflake also introduced Standard Warehouse Gen2 for faster performance and Adaptive Compute, which automatically adjusts compute resources without manual tuning. 
The company announced the launch of Cortex AISQL, embedding generative AI into SQL queries for working with unstructured data. New products like Snowflake Intelligence and Data Science Agent aim to let both technical and non-technical users build models and analyze data through natural language.
The announcements come after Snowflake reported better-than-expected <a href="https://www.benzinga.com/news/earnings/25/05/45553121/snowflake-q1-earnings-revenue-eps-beat-estimates-ai-data-cloud-company-sees-25-growth-ahead-shares-climb">first-quarter results</a> last month and issued 25% product revenue growth guidance for the second quarter. The market appears to be responding to Snowflake's efforts to strengthen its position in enterprise data and AI infrastructure.
SNOW Price Action: Snowflake shares closed Wednesday up 0.13% at $209.42, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/market-summary/25/06/45777558/stocks-stall-on-weak-economic-data-treasuries-eyes-best-rally-in-7-months-whats-driving-markets-wednesday">Stocks Stall On Weak Economic Data, Treasuries Eyes Best Rally In 7 Months: What&#8217;s Driving Markets Wednesday? </a></li>
</ul>
Image via Shutterstock.

Movers

Snowflake Stock Was Trending On Wednesday: Here's Why

<a href="https://hackread.com/hackers-leak-86m-att-records-with-decrypted-ssns/" title="https://hackread.com/hackers-leak-86m-att-records-with-decrypted-ssns/">https://hackread.com/hackers-leak-86m-att-records-with-decrypted-ssns/</a>

'Exclusive: Hackers Leak 86 Million AT&T Records with Decrypted SSNs' - HackRead

Macquarie analyst Steve Koenig maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Neutral and raises the price target from $190 to $210.

Macquarie Maintains Neutral on Snowflake, Raises Price Target to $210

Evercore ISI Group analyst Kirk Materne maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Outperform and raises the price target from $232 to $240.

Evercore ISI Group Maintains Outperform on Snowflake, Raises Price Target to $240

JPMorgan analyst Mark R Murphy <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings" target="_blank" rel="noreferrer noopener">reiterated an Overweight</a> rating on Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a price target of $225 on Wednesday.
Murphy attended Snowflake&#8217;s Investor Day presentation in San Francisco, in conjunction with its annual Summit conference. Snowflake&#8217;s Investor Day presentation primarily focuses on its product and technology roadmap as it lays out an expansive strategic vision for the data cloud in the era of AI, the analyst said.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45623498/snowflakes-ai-driven-insights-to-power-la28-olympic-and-paralympic-games" rel="noreferrer noopener">Snowflake&#8217;s AI-Driven Insights To Power LA28 Olympic And Paralympic Games</a>
A financial section was absent from the Investor Day presentation, an understandable dynamic as Snowflake continues its process to select a new CFO after current CFO Mike Scarpelli&#8216;s planned retirement, he said.
Despite the lack of explicit financial guidance or macro-demand update, Murphy noted Snowflake is striking a confident tone overall as it begins to realize benefits from the product, go-to-market (GTM), and other operational initiatives it has undertaken or accelerated since Sridhar Ramaswamy was elevated to CEO in February 2024.
Net-net, the analyst came away incrementally positive following the Investor Day and the relatively upbeat nature of his conversations thus far with partners and customers regarding Snowflake.
Recently-appointed CRO Mike Gannon provided an overview of Snowflake&#8217;s Go-To-Market organization and stated that Snowflake hired over 500 sales and marketing folks in the first quarter. While the 500 additional S&amp;M heads is a gross figure, Murphy noted the hiring scale is notable, particularly as hiring activity across many other software companies has been relatively more muted, and likely reflects the opportunity Snowflake is seeing in the market.
Snowflake discussed ongoing industry adoption of the Iceberg data formats, noting that open data table formats like Iceberg make it easier for customers to switch between different data processing engines. As a result, the analyst noted that Snowflake said that customers will move toward the data platforms that offer the most value.
For Snowflake, Iceberg is experiencing a dynamic wherein the tailwinds and opportunity it provides &#8220;far exceed and outpace the potential headwinds,&#8221; he said.
When asked about its view on more and more SaaS companies moving into the data layer, Murphy said that Snowflake suggested that this move is driven by AI as the rise of Agents is potentially impacting the traditional SaaS model.
However, Snowflake noted that it has a bidirectional data-sharing dynamic with many leading SaaS companies and that the relationships are mutually beneficial.
Snowflake built on its vision of the AI Data Cloud through a series of product unveilings. These announcements included Openflow, Gen2, Adaptive Compute, Intelligence, Snowflake Data Science Agent, and Cortex AISQL.
Murphy is encouraged by Snowflake&#8217;s slate of new products and the recent increased pace of innovation.
In the long term, the analyst noted that Snowflake is benefiting from demonstrable secular tailwinds, supported both qualitatively and quantitatively by his CIO Survey and partner checks. He continues to be impressed by the company&#8217;s accelerated pace of product innovation, including around AI/ML. 
Murphy noted favorable competitive positioning in the longer term as the data layer increasingly gains control over AI.
The analyst projected second-quarter revenue of $1.08 billion and adjusted EPS of $0.25.
Price Action: SNOW stock is trading higher by 1% to $211.24 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/large-cap/25/06/45755544/rising-ai-analytics-budgets-could-lift-microsoft-snowflake-datadog" target="_blank" rel="noreferrer noopener">Rising AI, Analytics Budgets Could Lift Microsoft, Snowflake, Datadog</a></li>
</ul>
Photo: Shutterstock

Tech

Snowflake Just Hired 500 Sellers—Is This The Start Of A Full-Scale AI Land Grab?

Loop Capital analyst Mark Schappel maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and raises the price target from $220 to $245.

Loop Capital Maintains Buy on Snowflake, Raises Price Target to $245

DA Davidson analyst Gil Luria maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Buy and maintains $250 price target.

DA Davidson Maintains Buy on Snowflake, Maintains $250 Price Target

RBC Capital analyst Matthew Hedberg maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Outperform and raises the price target from $236 to $250.

RBC Capital Maintains Outperform on Snowflake, Raises Price Target to $250

Mizuho analyst Gregg Moskowitz maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Outperform and raises the price target from $215 to $235.

Mizuho Maintains Outperform on Snowflake, Raises Price Target to $235

JMP Securities analyst Patrick Walravens reiterates Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Market Outperform and maintains $245 price target.

JMP Securities Reiterates Market Outperform on Snowflake, Maintains $245 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul class="wp-block-list">
<li>HC Wainwright &amp; Co. analyst Emily Bodnar upgraded the rating for AnaptysBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) from Neutral to Buy and raised the price target from $22 to $38. AnaptysBio shares closed at $23.52 on Tuesday. <a href="https://www.benzinga.com/quote/ANAB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst David Anderson upgraded Cactus, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>) from Equal-Weight to Overweight and raised the price target from $51 to $54. Cactus shares closed at $44.11 on Tuesday. <a href="https://www.benzinga.com/quote/WHD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HSBC analyst Cenk Orcan upgraded the rating for Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>) from Hold to Buy and raises the price target from $45 to $57. Embraer shares closed at $45.99 on Tuesday. <a href="https://www.benzinga.com/quote/ERJ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst David Lebowitz upgraded Blueprint Medicines Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPMC#NASDAQ">BPMC</a>) from Sell to Neutral and raised the price target from $83 to $129. Blueprint Medicines shares closed at $127.60 on Tuesday. <a href="https://www.benzinga.com/quote/BPMC/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Karl Keirstead upgraded Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Neutral to Buy and raised the price target from $210 to $265. Snowflake shares closed at $209.18 on Tuesday. <a href="https://www.benzinga.com/quote/snow/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SNOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/SNOW/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="599" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04093653/image-49-1024x599.png" alt="" class="wp-image-938280" style="width:644px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04093653/image-49-1024x599.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04093653/image-49-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04093653/image-49-768x450.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/04093653/image-49.png 1112w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read This Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/25/06/45762621/cramer-shouldve-told-investors-to-pull-the-trigger-on-trade-desk-cant-believe-how-low-gentex-has-fal">Cramer: Should&#8217;ve Told Investors To &#8216;Pull The Trigger&#8217; On Trade Desk, Can&#8217;t Believe &#8216;How Low&#8217; Gentex Has Fallen</a> </li>
</ul>
Photo via Shutterstock

Upgrades

ANAB

BPMC

Embraer-Empresa Brasileira De Aeronautica

This Snowflake Analyst Turns Bullish; Here Are Top 5 Upgrades For Wednesday

UBS analyst Karl Keirstead upgrades Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Neutral to Buy and raises the price target from $210 to $265.

UBS Upgrades Snowflake to Buy, Raises Price Target to $265

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer recommended buying Dover Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>).
Supporting his view, Dover, on April 24, posted better-than-expected <a href="https://www.benzinga.com/quote/DOV">earnings for the first quarter</a>.
Arrowhead Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) doesn&#8217;t make any money, Cramer said. &#8220;I just don&#8217;t know if it has the horses.&#8221;
As per the recent news, Arrowhead Pharmaceuticals, on Monday, initiated Phase 1/2a study of ARO-ALK7 for the treatment of obesity.
Cramer said Snowflake Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NASDAQ">SNOW</a>) CEO Sridhar Ramaswamy is &#8220;cerebral, and he's got a real good closing sense, and man, does he ever have momentum.&#8221;
Supporting his view, Snowflake, on May 21, reported first-quarter revenue of $1.04 billion, beating analyst estimates of $1.01 billion. The AI data cloud company reported adjusted earnings of 24 cents per share, beating analyst estimates of 21 cents per share, according to Benzinga Pro.
Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) is &#8220;always a bridesmaid, never a bride,&#8221; Cramer said.
On the earnings front, Fluor, on May 2, posted mixed first-quarter 2025 results, with key metrics surpassing some expectations. Fluor&#8217;s revenue grew 6.6% year-over-year to $3.982 billion, missing the consensus of $4.18 billion. Adjusted EPS improved to 73 cents from 47 cents a year ago, above the consensus of 50 cents.
Price Action:
<ul class="wp-block-list">
<li>Arrowhead Pharmaceuticals shares gained 1.3% to settle at $16.61 on Tuesday.</li>
<li>Snowflake shares fell 0.5% to close at $209.15.</li>
<li>Dover shares gained 1.1% to close at $177.97.</li>
<li>Fluor shares gained 5.4% to settle at $43.39 on Tuesday.</li>
</ul>
Read Next<a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen">: </a>
<ul class="wp-block-list">
<li><a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen">Cramer: Should&#8217;ve Told Investors To &#8216;Pull The Trigger&#8217; On Trade Desk, Can&#8217;t Believe &#8216;How Low&#8217; Gentex Has Fallen</a></li>
</ul>
Image: Shutterstock

Jim Cramer: Arrowhead Pharmaceuticals Doesn't 'Have The Horses'

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.informatica.com&amp;esheet=54263387&amp;newsitemid=20250603208097&amp;lan=en-US&amp;anchor=Informatica&amp;index=1&amp;md5=e04bf37c13c32d20ebae0c20afad90af">Informatica</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>), a leader in enterprise AI-powered cloud data management, today announced new product innovations at Snowflake Summit, Snowflake's annual user conference, including expansion of its support for Apache Iceberg&#x2122;. These updates help joint customers use both companies' Generative AI (GenAI) technologies to build reliable, enterprise-level AI applications.
New Informatica Intelligent Data Management Cloud Application Integration Capabilities for Snowflake Cortex AI (now Generally Available globally):
<ul>
<li>New Cortex AI Connectivity: New connectors for Cortex AI, Cortex Search, Cortex Analyst and Cortex Agents</li>
<li>Simplified RAG and Agent Use Case Development: Simplify GenAI application creation for data professionals with no-code development and deployment with Snowflake Cortex AI</li>
</ul>
Informatica is enhancing its Open Table Connector (Apache Iceberg) to support Apache Polaris:
<ul>
<li>New Apache Iceberg Open Table Connector for Snowflake with support for Snowflake Apache Polaris(Private Preview): Informatica Cloud Data Integration's no-code/low-code data pipelines can now load data into Snowflake from over 300 sources using the Iceberg table format. All tables are automatically registered in Snowflake Apache Polaris, enabling seamless interoperability across Snowflake and other query engines (Planned release in July 2025).</li>
</ul>
Informatica Master Data Management Extension for Snowflake:
Informatica is launching its Master Data Management (MDM) SaaS Extension for the Snowflake AI Data Cloud, allowing customers to consolidate master and transaction data across multiple sources. The seamless integration between Informatica MDM and the Snowflake platform enables customers to easily load their trusted master data assets from Informatica's MDM SaaS including customer, supplier, product, patient, provider and other domains directly into the Snowflake AI Data Cloud. The integration brings together data from disparate domains, so data practitioners can power their analytics and AI use cases.
"Informatica continues to be at the forefront of Generative AI and Apache Iceberg innovation with Snowflake enabling our joint customers to build for the future with a trusted, AI-ready data foundation," said Rik Tamm-Daniels, Group Vice President of Strategic Ecosystems and Technology at Informatica. "Today's announcement underscores our relentless commitment to innovating and leading with Snowflake to deliver greater value for customers through deep product roadmap and partnership alignment."
"Informatica's Intelligent Data Management Cloud and Generative AI blueprint for Cortex AI provide a rich foundation of trusted data and metadata intelligence that has enabled us to accelerate innovation with Cortex Analyst and deliver GenAI experiences for our end users leveraging Snowflake data," said Moli Thomas, Senior Director of Enterprise Data and Analytics at HMH Education Company.
"Snowflake and Informatica continue to collaborate and innovate across product development and engineering to support enterprise customers," said Saptarshi Mukherjee, Director of Product, Data Engineering at Snowflake. "Informatica's expanded capabilities with the Cortex AI platform and private preview of its support for Snowflake Apache Polaris showcase our shared commitment to deliver an enhanced and seamless experience for enterprise customers using Snowflake to power their AI initiatives."

General

INFA

Informatica Deepens Snowflake Partnership to Deliver Trusted, AI-Ready Data Via Polaris and Cortex AI

BofA Securities analyst Brad Sills disclosed its <a href="https://www.benzinga.com/topic/software" target="_blank" rel="noreferrer noopener">software spending survey</a> on Tuesday.
Since his last survey in December, Sills&#8217; IT professionals&#8217; survey suggested that software spending growth intentions have come down a bit for the second half of 2025 and 2026. Software spending is expected to grow +9.9% for 2025, down 100 basis points from his December survey, and +10.8% for 2026, down 40 basis points. He said this aligns with management and channel commentary that changing macro policies are muddling the demand environment.
However, Sills&#8217; survey still suggests an improving backdrop in 2026, which is backed by channel feedback that pipelines for new software projects remain healthy.
The analyst noted that Data Analytics regained the top spot as a spending priority, trading places with Cloud Communications and Videoconferencing, which slipped to second place. Security held the third position, he said. Sills said other categories with notably higher spending expectations include observability and financials/ERP.
Sills noted that the lower-scoring categories were front-office applications such as CRM Sales, Marketing, and Support. He suggested that this could be due to firms evaluating AI priorities for front-office application projects.
For Analytics, Security, and Public Cloud, Sills noted the positive data supports his thesis for Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Snowflake Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), and Datadog Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), which are well positioned in these categories.
The analyst said Infrastructure and Back Office were the top software categories for AI investment (across Infrastructure, Back Office, Front Office, and Desktop Applications).
Back Office saw the largest increase since his year-end fiscal 2024 survey, he said. After LLMs, Workday Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) was the most selected, Sills noted.
The analyst noted that after LLMs, Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) registered the highest number of front-office vendors in which respondents plan to invest in AI offerings.
Front office apps scored lower for the second consecutive survey, Sills noted.
The lower result reflects that firms remain in the discovery phase, as pricing models for agentic offerings such as Salesforce&#8217;s Agentforce and HubSpot Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) Breeze AI agents are evolving, per the analyst.
Sills noted that Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS, Microsoft, and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google were the most frequently selected vendors for AI in infrastructure.
The analyst said Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) remains the market leader in AI investments in desktop applications.
Hiring expectations are down for 2025, again, Sills noted, and recession expectations are fairly high. DOGE is impacting spending plans more so than tariffs, leading to a lower weighted average spending as per the survey.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45746797/is-a-bond-market-crash-coming-jamie-dimon-blackrock-ray-dalio-and-others-sound-the-alarm">Is A Bond-Market Crash Coming? Jamie Dimon, BlackRock, Ray Dalio And Others Sound The Alarm</a></li>
</ul>
Photo: Shutterstock

Large Cap

ADBE

AMZN

DDOG

GOOG

GOOGL

HUBS

MSFT

WDAY

Rising AI, Analytics Budgets Could Lift Microsoft, Snowflake, Datadog

Live On CNBC, Jason Snipe Announces Bought Snowflake Inc.

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) announced its intent to acquire Crunchy Data at Snowflake Summit 2025, bringing enterprise-grade PostgreSQL capabilities to its AI Data Cloud platform.
The acquisition addresses growing demand for secure, compliant database solutions in artificial intelligence applications.
What Happened: The deal will integrate Crunchy Data&#8217;s PostgreSQL technology into Snowflake Postgres, targeting the $350 billion database market opportunity. PostgreSQL remains the preferred choice among 49% of developers globally, making this acquisition strategically significant for Snowflake&#8217;s enterprise customers.
&#8220;We&#8217;re tackling a massive $350 billion market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud,&#8221; said Vivek Raghunathan, SVP of Engineering at Snowflake. The company positions this as part of its comprehensive data and AI platform strategy.
Crunchy Data brings specialized expertise in regulated environments, including FedRAMP compliance, essential for federal agencies and Fortune 500 financial institutions. &#8220;Our deep-rooted commitment to stringent security and comprehensive compliance has made us the trusted Postgres partner for organizations across regulated industries,&#8221; said Paul Laurence, Co-Founder at Crunchy Data.
See Also: <a href="https://www.benzinga.com/markets/equities/25/06/45738435/elizabeth-warren-says-trump-approved-the-largest-meat-company-in-world-to-be-listed-on-nyse-ignoring-corruption-and-bribery-history-demands-answers">Elizabeth Warren Says Trump &#8216;Approved&#8217; The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers</a>
Why It Matters: Snowflake recently reported strong first-quarter performance with revenue of $1.04 billion, up 26% year-over-year, beating <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45623498/snowflakes-ai-driven-insights-to-power-la28-olympic-and-paralympic-games">analyst estimates of $1.01 billion</a>. The company expects second-quarter product revenue of approximately $1.03-$1.04 billion, representing 25% growth. 
The acquisition requires regulatory approval and customary closing conditions. Snowflake Postgres will be available in private preview following deal completion, with the company committing to support existing Crunchy Data customers and the broader PostgreSQL community.
Price Action: Snowflake stock closed at $210.17 on June 2, up 2.19%. After hours, it rose slightly to $210.20. Year to date, the stock is up 33.43%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
SNOW shows weak growth and valuation metrics based on the Benzinga Edge Stock Ranking. However, the stock is experiencing positive momentum and a favorable short- to long-term price trend. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here for the full stock breakdown</a>.
<figure class="wp-block-image aligncenter size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="878" height="644" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13.png" alt="" class="wp-image-936068" style="width:540px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13-300x220.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/03023736/image-13-768x563.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy">Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump&#8217;s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Tada Images / Shutterstock.com

Snowflake Sets Sights On $350 Billion Database Market With Crunchy Data Acquisition

<a href="https://www.wsj.com/articles/snowflake-to-buy-crunchy-data-for-250-million-233543ab" title="https://www.wsj.com/articles/snowflake-to-buy-crunchy-data-for-250-million-233543ab">https://www.wsj.com/articles/snowflake-to-buy-crunchy-data-for-250-million-233543ab</a>

UPDATE: 'Snowflake To Buy Crunchy Data For $250M' - WSJ

Empowering enterprises across industries to build and deploy secure, compliant AI agents and applications with Snowflake Postgres, powered by Crunchy Data's enterprise-grade PostgreSQL
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.snowflake.com%2F&amp;esheet=54263223&amp;newsitemid=20250602455530&amp;lan=en-US&amp;anchor=Snowflake&amp;index=1&amp;md5=ba422637d7f8c26f397a956c82baaa6a">Snowflake</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), the AI Data Cloud company, today announced at its annual user conference, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.snowflake.com%2Fen%2Fsummit%2F&amp;esheet=54263223&amp;newsitemid=20250602455530&amp;lan=en-US&amp;anchor=Snowflake+Summit+2025&amp;index=2&amp;md5=2df932361745e54fc8138426404cb066">Snowflake Summit 2025</a>, its intent to acquire Crunchy Data, a leading provider of trusted open source Postgres technology and products. This acquisition will bring Snowflake Postgres, the AI-ready, enterprise-grade and developer-friendly PostgreSQL database to the AI Data Cloud, enabling developers with the full power of Postgres while providing the uncompromising governance, security and operational standards essential for building and running mission-critical AI applications.

Snowflake To Acquire Crunchy Data; Terms Undisclosed

Press Releases

Snowflake Partners with the LA28 Olympic and Paralympic Games and Team USA to Deliver the Data Sharing and Collaboration Platform for the Most Data-Driven Games of All Time

Qlik Adds Native Support for Snowflake Managed Iceberg Tables, Expands Open Lakehouse Options for Snowflake Customers

Canva Accelerates Global Growth and Product Velocity With Snowflake AI Data Cloud

Snowflake Acquires Crunchy Data to Bring Enterprise Ready Postgres Offering to the AI Data Cloud

Snowflake Openflow Unlocks Full Data Interoperability, Accelerating Data Movement for AI Innovation

Snowflake Unveils Next Wave of Compute Innovations For Faster, More Efficient Warehouses and AI-Driven Data Governance

Snowflake Marketplace Adds Agentic Products and AI-Ready Data from Leading News, Research, and Market Data Providers

Snowflake Introduces Cortex AISQL and SnowConvert AI: Analytics Rebuilt for the AI Era

Snowflake Intelligence and Data Science Agent Deliver The Next Frontier of Data Agents for Enterprise AI and ML

Qlik Named Snowflake 2025 Data Integration Partner of the Year

Akamai Technologies

Applied Digital Corporation - Common Stock

Applied Digital

Couchbase

BigCommerce Holdings, Inc. - Series 1 Common Stock

BigCommerce Holdings

Backblaze

Core Scientific

CoreWeave

Cloudastructure, Inc. - Class A Common Stock

Cloudastructure

Crexendo

DigitalOcean Holdings

Fastly

GoDaddy

GDS Holdings Limited - American Depositary Shares

GDS Holdings

Kingsoft Cloud Holdings Limited - American Depositary Shares

Kingsoft Cloud Holdings

MongoDB

Cloudflare

Okta

Rackspace Technology, Inc. - Common Stock

Rackspace Technology

Tucows

Twilio

VNET Group, Inc. - American Depositary Shares

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:02 PMMay 19, 2025	CALL	$230.00	Nov 21, 2025	167	550	550	178	309	TRADE	BULLISH
10:42 AMMay 15, 2025	CALL	$197.50	May 23, 2025	-15	1500	1500	2586	58	SWEEP	BEARISH

Comments

Snowflake

Unusual Options Activity for

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO