Will AI integration enable Snowflake to become a unique data platform?

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Stock Takes update: June 3 marks a year since I started publishing this newsletter, with my first issue looking into Nvidia Corp. The goal is to do deep research on individual stocks and share my findings to better inform your investing decisions. Following up on the stocks I suggested readers could consider buying over the year, they have turned in an average return of about 27% from the date of publishing through June 2, 2025. (This excludes takes published in May, which have had a run time of less than a month.) In comparison, during the period June 3, 2024 through June 2, 2025, the S&P 500 index was up about 12.5% while the NASDAQ Composite gained about 15%.

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Ticker Publish date Publish date price 06/02/25 price Return

NVDA: NASDAQ. 06/03/24. 115 137 19%

CMG: NYSE 06/20/24 64 49 -23%

VRT: NYSE 06/28/24 86 109 27%

RIVN: NASDAQ 07/05/24 14.79 14.10 -0.5%

RDDT: NYSE 07/26/24 63 112 78%

DLR: NYSE 08/06/24 148 172 16%

AAPL: NASDAQ 08/15/24 224 201 -10%

AMD: NASDAQ 08/26/24 150 114 -24%

PLTR: NASDAQ 09/15/24 35 132 277%

WMT: NYSE 10/06/24 80 98 24%

VST: NYSE 10/26/24 124 167 35%

DELL: NYSE 11/06/24 138 108 -21%

GOOGL: NASDAQ 11/26/24 169 169 0%

ZM: NASDAQ 12/06/24 86 81 -6%

KR: NYSE 12/16/24 62 68 10%

NRG:NYSE 02/16/25 107 158 48%

KO: NYSE 02/26/25 70 72 3%

RKT: NYSE 03/26/25 13 12.50 -4%

HOOD: NASDAQ. 04/06/25 34.50 68 97%

GAP: NYSE 04/26/25 21 22 5%

Snowflake Inc.(NYSE: SNOW) has seen its stock gain more than 30% this year as it continues to integrate AI into its data analysis capabilities. This week, the company reported that it is buying Crunchy Data, a database startup, for $250 million. The acquisition will help Snowflake customers use their own data stored on the Snowflake platform to build AI agents.

In prepared remarks commenting on the company’s earnings for the first quarter, ended April 30, 2025, of its fiscal 2026 year, Sridhar Ramaswamy, Snowflake’s CEO, noted, “Snowflake’s mission is to empower every enterprise to achieve its full potential through data and AI. Our focus on making the Snowflake platform easy to use, to enable fluid access to data wherever it sits, and trusted for enterprise-grade performance, is what makes us differentiated and beloved by more than 11,000 customers. We see an enormous opportunity ahead as we extend this value throughout the full data lifecycle.”

Essentially, Snowflake provides a “cloud-based data platform” that enables customers to consolidate their data in a single source to help them gain insights, tap AI to solve business problems, develop data applications and share data products and data. The company, whose headquarters is in Bozeman, Mont., was founded in California in 2012 by Benoit Dageville and Thierry Cruanes to enable companies to store and analyze their big data in the cloud, in a “Software-as-a-Service” model, without having to maintain infrastructure. Customers pay for the service based on their actual use of the platform.

In 2020, the company came out with its initial public offering priced at $120 a share. The stock caught the attention of investors and was trading at double its offer price initially. However, after 2022, the stock came down from this high valuation and has started attracting attention again this year, closing at about $210 on June 5. Will the heightened integration of AI enable the company to maintain investor interest and help Snowflake become a unique database platform, even though it is vulnerable to hacking attempts?