SANTA CLARA, Calif.--(BUSINESS WIRE)--DoiT, a global leader in enterprise-grade FinOps and CloudOps solutions, today announced the acquisition of SELECT, a data optimization company purpose-built to help organizations gain visibility and control over data platform spend, starting with Snowflake. The acquisition represents a strategic milestone within DoiT's previously announced $250 million AI investment strategy and builds on recent acquisitions, including LiveDiagrams, PerfectScale and CloudW. ...

Modern trading desk with rising stock charts overlooking a futuristic city, symbolizing AI-driven tech stock upgrades. Key Points Snowflake and CrowdStrike rode 2025’s AI-driven software demand wave, but 2026 upside depends on margins and recurring-revenue durability. Alphabet drew the most upgrades as investors rewarded AI improvements in Search, YouTube, and Cloud, even as near-term upside looked tighter. Tech and Communication Services led 2025 sector performance, helping concentrate upgrades in a h ...

Core Insights - Snowflake (SNOW) is experiencing significant growth, with a 20% year-over-year increase in its customer base, reaching 12,621 customers in Q3 of fiscal 2026 [1][10] - The company's AI capabilities are a major driver of its success, achieving a $100 million AI revenue run rate a quarter earlier than anticipated, with 1,200 customers utilizing the Snowflake Intelligence platform [2][10] - Snowflake has surpassed $2 billion in sales through the Amazon Web Services (AWS) Marketplace, doubling its year-over-year growth, and is enhancing its partnership with AWS through new innovations [4][10] Customer Growth and Revenue - The number of customers with trailing 12-month product revenues exceeding $1 million has increased by 29% year-over-year, totaling 688 [1] - Snowflake has 766 customers from the Forbes Global 2000 list, indicating strong adoption among large enterprises [1] AI and Technology Adoption - The rapid adoption of Snowflake's AI platform is transforming business data interactions, contributing significantly to revenue growth [2] - The company is focused on modernizing data platforms and creating AI-ready architectures through collaborations with AWS [4] Competitive Landscape - Snowflake faces intense competition from major players like Amazon and Alphabet in the cloud data and analytics market [5] - Alphabet's Google Cloud is expanding rapidly, with a 46% sequential increase in backlog and a 34% year-over-year rise in new customers [6] - Amazon's AWS continues to secure new agreements, indicating strong demand for its cloud services [7] Stock Performance and Valuation - Snowflake shares have decreased by 0.4% over the past six months, underperforming the Zacks Computer & Technology sector's 20.1% return but outperforming the Zacks Internet Software industry's decline of 6.3% [8][10] - The stock is trading at a forward 12-month Price/Sales ratio of 13.56X, significantly higher than the Internet Software industry's 4.86X [11] - The Zacks Consensus Estimate for SNOW's fiscal 2026 earnings is $1.20 per share, reflecting a 44.58% year-over-year increase [13]

Core Viewpoint - AI software stocks are expected to emerge as significant market players in 2026, following the dominance of semiconductor and AI infrastructure stocks in recent years [1] Group 1: SoundHound AI - SoundHound AI is transitioning from an AI voice company to a voice-led agentic AI company, leveraging its voice technology for a competitive advantage [2] - The company experienced rapid growth, with revenue more than doubling in the first nine months of 2025, and has established a strong presence in the automobile and restaurant industries [4] - SoundHound AI's acquisition of Amelia has enhanced its capabilities in creating an agentic AI platform and expanded its customer relationships in healthcare, financial services, and retail [4] - The company is improving its gross margins, with expectations of generating positive EBITDA soon, and is well-positioned for future growth [6] Group 2: Salesforce - Salesforce is viewed as a potential AI loser but is actually well-positioned due to its role as a system of record for customer service, marketing, and sales [8] - The acquisition of Informatica strengthens Salesforce's data management capabilities, enhancing its position as a reliable data source [8] - Salesforce's Agentforce solution is integrated throughout its product suite, with annual recurring revenue (ARR) for Agentforce surging 330% to $540 million last quarter [9] - The stock is considered undervalued, trading at a forward price-to-sales (P/S) ratio below 5.5, a forward price-to-earnings (P/E) ratio around 20, and a price/earnings-to-growth (PEG) ratio below 0.65 [10] Group 3: Snowflake - Snowflake operates a cloud-based data warehousing and analytics platform that separates storage from compute, allowing customers to access data across different cloud providers [11] - The platform's architecture creates a "sticky" environment for customers, making it difficult to move data once integrated [11] - Snowflake is also adopting AI agents through its Snowflake Intelligence solution, which had over 1,200 customers and a $100 million AI revenue run rate at the end of the last quarter [12] - The company reported a 29% revenue increase last quarter, with a net revenue retention rate of 125% over the past 12 months, indicating strong growth potential [13][14]

Core Insights - Gotham Asset Management's latest 13F filing reveals a strategic shift towards broad market exposure, particularly in mega-cap technology and liquidity management, rather than focusing on individual stock selection [1][2] Portfolio Adjustments - Significant increase in SPDR S&P 500 ETF (SPY) by 1,262,794 shares, now totaling 5,618,281 shares, representing a $3.74 billion position, which is 16.29% of the portfolio, indicating a deliberate increase in market exposure [3][4] - NVIDIA (NVDA) position increased by 591,589 shares to 2,863,109 shares, valued at $534.2 million (2.33%), reflecting participation in AI-driven earnings growth in semiconductors [5][6] - Apple Inc. (AAPL) saw an increase of 538,746 shares to 1,428,976 shares, valued at $363.9 million (1.58%), with a 60% rise quarter over quarter, indicating strong signals from valuation and quality models [7] - Snowflake (SNOW) position increased by 388,608 shares to 956,539 shares, valued at $215.7 million (0.94%), with a notable 68% increase quarter over quarter, suggesting favorable screening on forward earnings metrics [8] - iShares 0–3 Month Treasury Bond ETF (SGOV) exposure doubled with an increase of 803,355 shares to 1,552,170 shares, valued at $156.3 million (0.68%), reflecting active liquidity management [9] - Amazon.com (AMZN) position increased by 260,509 shares to 978,948 shares, valued at $214.9 million (0.94%), with a 36% rise quarter over quarter, reinforcing exposure to mega-cap platforms with improving cash flow [10][11] Strategic Overview - The quarter was characterized by a beta-heavy approach, with a significant increase in S&P 500 exposure, suggesting limited advantage in deviating from the index at current valuations [12] - The scaling of mega-cap technology stocks (NVDA, AAPL, AMZN, SNOW) indicates broad-based signals rather than isolated stock convictions [13] - Active risk management is evident from the increase in short-term Treasuries, highlighting a disciplined approach to liquidity and volatility control [14] - Gotham's largest individual stock positions remain modest relative to total assets, reinforcing a systematic and diversified investment philosophy [15] - The filing reflects adjustments in factor exposure and portfolio construction decisions rather than discretionary stock picking, indicating a structured investment approach [16]

Group 1: Palantir Technologies Overview - Palantir Technologies (NASDAQ: PLTR) has gained significant attention in AI and data analytics, with its stock increasing by 150% to $188 as of the latest report, driven by rising demand for enterprise and government AI solutions [1] - The company's strong momentum is attributed to its Artificial Intelligence Platform, increased commercial adoption, and ongoing government contract wins, which have revitalized interest in the broader AI software sector [1] Group 2: Competitive Landscape - Looking ahead to 2026, Palantir may face challenges from competitors, particularly Snowflake (NYSE: SNOW) and C3.ai (NYSE: AI), which are positioned to threaten PLTR's market dominance [2] - Snowflake is a cloud data and AI platform that is well-positioned as organizations migrate AI workloads into production, with a focus on stronger execution and monetization of AI services [3][4] - C3.ai specializes in ready-to-deploy AI applications across various sectors, including energy, manufacturing, healthcare, and defense, directly competing with Palantir in government and industrial use cases [7] Group 3: Snowflake's Developments - Snowflake's near-term outlook for Q1 2026 is influenced by corporate activities and partnerships, including potential acquisitions to enhance its AI monitoring capabilities and a data partnership with Palantir [5][6] - The leadership transition at Snowflake has led to improved sentiment around enterprise tech spending, emphasizing the importance of data platforms that support advanced analytics and generative AI [4] Group 4: C3.ai's Positioning - C3.ai has shown solid growth in generative AI offerings and is expanding its customer base in both enterprise and public sectors, with narrowing analyst expectations for future losses indicating progress toward profitability [10] - The company's performance is closely linked to federal spending trends, particularly in government and defense sectors, making it a focal point for investors despite market volatility [11]

Snowflake Inc. (NYSE:SNOW) is one of the AI Stocks on Market Radar. On December 23, Baird reiterated the stock as “Outperform” with a price target of $270. Firm analysts see the rumored $1B acquisition of privately-held Observe as strategically logical, with low integration risk. “Yesterday evening, rumors surfaced (via an article published by The Information) that SNOW could be in talks to acquire privately-held Observe. The rumored ~$1 billion price tag would be SNOW’s biggest acquisition to-date, but w ...

格隆汇12月25日｜据The Information，知情人士透露，Snowflake正洽谈收购应用监控初创企业 Observe，交易估值约10亿美元。若最终达成，这或将成为Snowflake成立以来规模最大的一笔收购案。 Observe主营可观测性工具的研发与销售，这类工具能帮助开发者掌握自有应用的运行状态，及时发现 程序故障与服务中断问题。此次收购完成后，Snowflake将与大数据分析服务商Datadog、Splunk等软件 巨头展开更直接的正面竞争。 ...

Snowflake股价跌超2%，报道称Snowflake正洽谈以约10亿美元收购应用监控初创公司Observe。 Snowflake股价跌超2%，报道称Snowflake正洽谈以约10亿美元收购应用监控初创公司Observe。 ...

Core Viewpoint - Snowflake is in discussions to acquire Observe for approximately $1 billion to enhance its artificial intelligence offerings [1] Group 1: Acquisition Details - The acquisition would integrate Observe's observability tools for monitoring applications, including AI applications, into Snowflake's existing product portfolio [2] - Snowflake has established a close relationship with Observe, including prior investments and board representation [3] Group 2: Strategic Importance - The investment in Observe aims to enhance the observability experience for Snowflake's customers, enabling better monitoring and management of their environments [4] - Snowflake's previous acquisition of TruEra AI observability platform is part of its strategy to ensure the quality and trustworthiness of AI applications [5][6]