1157 ET - AI products are driving Snowflake's growth and becoming an increasingly significant part of its business, according to Benchmark in a note. "AI is no longer a sideshow, it is serving as a significant revenue contributor," analyst Yi Fu Lee says. In particular, Snowflake Intelligence, the company's enterprise AI agent platform, and Cortex Code, the company's AI-powered coding agent, "are the twin AI stars scaling faster than any products in the company's history," he says. The analyst believes Snowflake is experiencing a "flywheel effect where AI accelerates core consumption, and core data gravity fuels further AI adoption." Snowflake surges 37% after 1Q profit handily surpassed Wall Street's expectations. (chris.kuo@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 11:57 ET (15:57 GMT)
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