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Snowflake Just Struck a $200 Million Deal with OpenAI. What Does That Mean for SNOW Stock Here?
Yahoo Finance· 2026-02-03 20:32
Snowflake's (SNOW) $200 million deal with OpenAI, in tandem with SNOW's existing alliance with another huge artificial intelligence (AI) startup — Anthropic — is likely to enable SNOW to take significant, needle-moving revenue away from the cloud-infrastructure units of Amazon (AMZN) and Microsoft (MSFT). Consequently, SNOW's growth, which is already quite rapid, looks poised to accelerate meaningfully in the medium- to long-term, and growth investors looking for an up-and-coming AI play should consider ...