Snowflake +22%: The AI Flywheel Accelerates Product Growth to 37%
Reading Time: 3 minutes
Snowflake aims to become not just a data platform but increasingly the central control layer for AI agents within enterprises. Product revenue grew by 37% in Q2, accelerating for the third consecutive quarter. According to management, AI contributes roughly half of this acceleration. The rapid adoption of CoCo and CoWork is driving new workloads and higher utilization of the entire Snowflake platform. The stock of Snowflake (SNOW) jumped over 22% in after-hours trading on September 2. With the AI Data Cloud, companies can merge, analyze,...
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