Snowflake surprises with strong Q4 - Microsoft partnership brings OpenAI models to Cortex AI

Snowflake aims to become the world's best AI-powered end-to-end data platform. The market potential is expected to double by 2028 to $342 billion. Expanded Microsoft partnership brings OpenAI models to Cortex AI. Microsoft enterprise customers will soon be able to use Cortex Agents to enhance productivity. The customer base grew by over 18% year-on-year to 11,159 companies. Exhausted capacities with large customers are leading to new contract signings. The stock is approaching its yearly high after the Q4 results. Analysts at Deutsche Bank...