Snowflake's data cloud is foundational to enterprise AI workflows, with Cortex AI providing model-as-a-service capabilities directly atop customer data. Net revenue retention has stabilized but optimization headwinds linger. Databricks competitive pressure remains intense in the data + AI segment. New CEO Sridhar Ramaswamy has refocused on AI native products. Path to profitability is becoming clearer but valuation remains demanding.
Thesis reviewed May 29, 2026
Snowflake Inc. is headquartered in United States, which is currently showing moderate signals.
🇺🇸United States60NEUTRALView United States risk detail →💻Technology23WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| BABA | Alibaba Group Holding Ltd | 29 | +17% | ↓8% | EARLY |
| NTES | NetEase Inc | 29 | +10% | ↓8% | EARLY |
| SAP | SAP SE | 29 | +8% | ↓8% | EARLY |
| PSO | Pearson PLC | 29 | +10% | ↓8% | NEUTRAL |
| ACN | Accenture plc | 29 | +7% | ↓8% | NEUTRAL |
| WIT | Wipro Ltd | 29 | +6% | ↓8% | NEUTRAL |
| SONY | Sony Group Corporation | 29 | +13% | ↓8% | EARLY |
Investors who hold SNOW may also have indirect exposure through these country funds.
Snowflake Cortex AI usage triples YoY but revenue contribution still small
Net revenue retention drops to 124%, lowest since IPO
Estimates · Yahoo Finance · Not audited figures
| Politician | Party | Type | Amount | Trade Date | Return |
|---|---|---|---|---|---|
| Sheldon Whitehouse | Sell | $1k–$15k | Aug 15, 24 | +130.6% |