Core Insights - Snowflake has entered into a $200 million partnership with OpenAI to integrate advanced AI models into its cloud data platform, reflecting the growing reliance of enterprises on AI to extract insights from vast amounts of data [1] Group 1 - The collaboration aims to develop AI agents capable of handling complex workflows, allowing users to ask questions in natural language and receive answers from company data without the need for coding [1]

Snowflake Inc. (NYSE:SNOW) traded little changed Friday as investors weighed its AI-driven growth narrative against rising competition and a premium valuation.The company is pitching its platform as essential infrastructure for enterprise analytics and AI workloads.Analysts’ TakeBank Of America analyst Koji Ikeda reiterated the Buy rating on the stock, lowering the price forecast from $310 to $275.The analyst writes that investors debate whether product revenue can maintain a high 20% growth or reaccelerate ...