All articles tagged with #snowflake
A ransomware group called ShinyHunters breached Rockstar Games through Anodot, a third‑party analytics provider, gaining access to Rockstar’s Snowflake data and threatening to leak it unless paid; Rockstar says only limited non‑material company information was accessed and players aren’t affected, though the incident underscores ongoing ransomware risks for game studios and their vendors.
Rockstar Games confirmed a breach via a third‑party provider, with the hacking group ShinyHunters saying it gained access to Snowflake data and demanding a ransom by April 14. The company says the compromised data was limited in scope and has no impact on its organization or players; it’s unclear exactly what data was affected, but it appears to be corporate data rather than player information, potentially including financials or contracts. This follows a notorious GTA VI leak in 2022.
Snowflake (SNOW) fell Thursday as AI-disruption fears and a softer U.S. growth backdrop pressured the software space; the piece notes competition from new AI agents eroding pricing power for legacy SaaS and macro data showing GDP growth at 0.5% in Q4 2025. SNOW traded around $134.49, well below its 20- and 100-day moving averages, with the RSI near oversold, indicating ongoing bearish momentum.
Snowflake has fallen about 40% this year and is viewed as undervalued due to its consumption-based revenue model (not tied to seat counts) and accelerating AI-driven data growth. With backlog/RPO up more than 40%, the article argues the market has misunderstood the stock and reiterates a Buy rating, presenting the dip as a buying opportunity rather than a SaaS collapse.
Jefferies' CIO AI survey identifies Microsoft, Snowflake, and Oracle as top enterprise-software picks due to AI adoption, while Adobe and DocuSign are seen as most at risk from AI displacement; application software is viewed as more exposed to disruption than infrastructure software.
Snowflake plans to acquire Observe to enhance its AI Data Cloud with AI-powered observability solutions, enabling faster troubleshooting, open-standard architecture, and cost-effective telemetry data retention for large-scale AI applications.
SAP and Snowflake have announced a partnership to integrate Snowflake’s AI Data Cloud with SAP’s Business Data Cloud, enabling seamless, real-time, zero-copy data sharing and advanced AI applications across enterprises, with plans for general availability in 2026.
Palantir and Snowflake announced a partnership to enhance data pipelines and AI applications, leading to a rise in their stock prices, with Palantir up 139% in 2025 and Snowflake nearing a buy point, reflecting strong investor confidence in their collaboration and growth prospects.
Snowflake leads the 2025 Fortune Future 50 list of top growth companies, driven by AI and data analytics, with a new CFO, Brian Robins, aiming to sustain its momentum amid rising AI demand and revenue growth. The list highlights the dominance of U.S. tech firms in the AI-driven business landscape, while trust in responsible AI use is gradually increasing among Americans.
AI stocks surged as Nebius announced a $17.4 billion deal with Microsoft for AI infrastructure, boosting investor optimism. Nvidia, Snowflake, CoreWeave, and Oracle also saw gains amid positive developments in AI technology and investments, reflecting a rally driven by AI deal news.
Snowflake Inc. exceeded expectations with a strong revenue outlook and product sales growth, boosting its shares by 13% after reporting a positive quarter that defied industry fears of AI-driven competition impacting established software vendors.
Snowflake's stock surged over 13% after reporting Q2 earnings that beat Wall Street expectations, with adjusted earnings of 35 cents per share and revenue of $1.1 billion, and providing optimistic guidance for the upcoming quarter.
Snowflake is acquiring Crunchy Data, a Postgres database company, in a deal estimated at around $250 million, to enhance its database offerings and support AI-driven data solutions, including the upcoming launch of Snowflake Postgres.
Top Wall Street analysts have identified three stocks with promising prospects: ServiceNow, Snowflake, and Twilio. ServiceNow is praised for its AI-enabled workflow automation and strong growth potential, with a raised price target by Mizuho analyst Gregg Moskowitz. Snowflake impressed with its Q3 results, leading TD Cowen analyst Derrick Wood to increase its price target, citing strong data warehousing growth and AI workload traction. Twilio's market-beating Q3 performance and improved revenue outlook prompted Monness analyst Brian White to upgrade its stock, highlighting its recovery and attractive valuation.
Snowflake and Elastic received upgrades from Wedbush analyst Daniel Ives, who highlighted the growing importance of software in the AI sector. Ives raised his ratings for both companies to outperform, citing their potential to capitalize on AI use cases. Snowflake is expected to benefit significantly over the next 12 to 18 months, while Elastic is poised to leverage its platform approach amid rising AI demand. The upgrades reflect a broader shift in focus from hardware to software in the AI industry, with new price targets set for both companies.