Snowflake A

At the Goldman Sachs conference Snowflake said AI-powered tools significantly speed up migrations, create new demand for products like CoWork and Managed Inference, and encourage the development of custom applications on its data layer. Management warned that faster migrations could also increase willingness to switch, so Snowflake must deliver added value in governance, observability and at the application level. On the financial side, growth is driven by higher volume, new workloads and price offsets; new consumption-based products are hard to model but show strong usage dynamics. On the technical side, the company is working on lower latency, new roles to accelerate activation, and managed Iceberg tables to make the platform more attractive to developers and business users. » Plus sur de.investing.com

About $700 million was pulled from the iShares Expanded Tech-Software Sector ETF (IGV) in a single session, and within hours Snowflake reported a strong quarter with 37% product revenue growth and raised its FY27 guide. Snowflake's AI-driven acceleration lifted IGV the next day, but the fund remains down year-to-date amid a sector debate over AI winners with consumption pricing versus struggling seat-based vendors like Adobe. IGV is concentrated in a few top holdings and may serve as a 5–10% software sleeve, though overlap with direct Microsoft exposure and ongoing AI bifurcation make its outlook cautious. » Plus sur finance.yahoo.com

Snowflake raised its fiscal 2027 product revenue guidance to $6.07 billion (36% growth) and reported accelerating product growth driven by core platform strength and rising AI adoption. The company posted a 126% net revenue retention rate and RPO of $9.0 billion, though RPO growth has cooled from 42% to 30% year over year. Analyst projects about 32% growth would push product revenue past $8 billion in fiscal 2028, while noting slower RPO growth or retention declines could prevent reaching that milestone. » Plus sur finance.yahoo.com