Snowflake, Meta Partner To Optimize New Flagship Model Family In Snowflake Cortex AI

7/23/24 11:17:50 AM ET

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Snowflake's AI Research Team, in collaboration with the open source community, launches a Massive LLM Inference and Fine-Tuning System Stack — establishing a new state-of-the-art solution for open source inference and fine-tuning systems for multi-hundred billion parameter models like Llama 3.1 405B

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Recent Analyst Ratings for
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$SNOW

Company	Date	Price Target	Rating	Analyst
Snowflake Inc. $SNOW	11/21/2024	$140.00 → $188.00	Buy	Monness Crespi & Hardt
Snowflake Inc. $SNOW	11/6/2024	$140.00	Neutral → Buy	Monness Crespi & Hardt
Meta Platforms Inc. $META	10/31/2024	$620.00 → $660.00	Buy	Monness Crespi & Hardt
Meta Platforms Inc. $META	10/31/2024	$780.00 → $800.00	Buy	Pivotal Research Group
Snowflake Inc. $SNOW	10/22/2024		Buy → Neutral	Cleveland Research
Meta Platforms Inc. $META	10/11/2024		Sector Perform	Scotiabank
Meta Platforms Inc. $META	10/9/2024	$660.00 → $670.00	Overweight	Cantor Fitzgerald
Snowflake Inc. $SNOW	10/1/2024		Hold	Argus

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Financials

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Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025
Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth Net revenue retention rate of 127% 542 customers with trailing 12-month product revenue greater than $1 million 754 Forbes Global 2000 customers Remaining performance obligations of $5.7 billion, representing 55% year-over-year growth Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120291775/en/Snowflake Q3 FY25 Infographic (Graphic: Snowflake) Revenue for the quarter was $9
11/20/24 4:05:00 PM ET
$SNOW
Computer Software: Prepackaged Software
Technology
Meta Reports Third Quarter 2024 Results
MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter ended September 30, 2024. "We had a good quarter driven by AI progress across our apps and business," said Mark Zuckerberg, Meta founder and CEO. "We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses." Third Quarter 2024 Financial Highlights Three Months Ended September 30, % Change In millions, except percentages and per share amounts 2024 2023 Revenue $
10/30/24 4:05:00 PM ET
$META
Computer Software: Programming Data Processing
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Snowflake to Announce Financial Results for the Third Quarter of Fiscal 2025 on November 20, 2024
Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced it will release its financial results for the third quarter of fiscal year 2025, which ends October 31, 2024, following the close of the U.S. markets on Wednesday, November 20, 2024. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on November 20, 2024. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 722726). For investors and participants outside the United States, see global dial-in numbers here (Access code: 722726). The call will also be webcast live on the Snowflake Investor Rela
10/28/24 9:00:00 AM ET
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Leadership Updates

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Tech Developers Pioneering AI Tools to Revolutionize Future Productivity and Logistics
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
6/21/24 11:43:00 AM ET
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Data Center Security and Spending Skyrocket Amid AI Boom
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, May 31, 2024 /PRNewswire/ -- USA News Group – With the artificial intelligence (AI) revolution fully underway, the importance and security of the data centers that power the new technology is surging. The role and preservation of these data centers is generating multiple calls for them and their power sources to be recognized as a matter of national security. Former Google CEO Eric Schmidt went so far as to predict that AI data centers will one day be "on military bases surrounded by machine guns," as stated in an interview with Noema Magazine. According to analysts at Dell'Oro Group, data center spending is fo
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How Businesses Are Adapting to the Rapid Expansion of Artificial Intelligence
USA News Group News Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftl
5/2/24 10:33:00 AM ET
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Press Releases

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Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo
Acquisition will supercharge data engineering on Snowflake's platform with simple, scalable, and cost-effective unstructured data ingestion in the AI Data Cloud Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced it has signed a definitive agreement to acquire Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI1. With this acquisition, Snowflake will deepen its service in the ‘bronze layer' of the data lifecycle and will deliver a simple way for data engineering teams to integrate all of their enterprise systems with Snowflake's unified platform, where they can then unlock data for AI an
11/20/24 4:07:00 PM ET
$SNOW
Computer Software: Prepackaged Software
Technology
Snowflake and Anthropic Team Up to Bring Claude Models Directly to the AI Data Cloud
Snowflake and Anthropic sign a multi-year strategic partnership to deliver Anthropic's industry-leading Claude models to customers in Snowflake Cortex AI Anthropic's latest Claude 3.5 Sonnet model will be available within the security and governance perimeters of Snowflake on AWS Claude will serve as a key large language model powering Snowflake's agentic AI products, including Snowflake Intelligence and Cortex Analyst Snowflake (NYSE:SNOW), the AI Data Cloud company, and Anthropic, an AI safety and research company, today announced a strategic multi-year partnership that will enable global enterprises to develop and scale easy, efficient, and trusted AI products, apps, and workfl
11/20/24 4:10:00 PM ET
$SNOW
Computer Software: Prepackaged Software
Technology
Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025
Product revenue of $900.3 million in the third quarter, representing 29% year-over-year growth Net revenue retention rate of 127% 542 customers with trailing 12-month product revenue greater than $1 million 754 Forbes Global 2000 customers Remaining performance obligations of $5.7 billion, representing 55% year-over-year growth Snowflake (NYSE:SNOW), the AI Data Cloud company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120291775/en/Snowflake Q3 FY25 Infographic (Graphic: Snowflake) Revenue for the quarter was $9
11/20/24 4:05:00 PM ET
$SNOW
Computer Software: Prepackaged Software
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AI Frenzy Cools, Yen Hammers Gold And Bitcoin, First Ever Joint Air Threat From Russia And China
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
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Goldman Sachs: Time To Hedge? Goldman's Flow-Of-Funds Guru Scott Rubner Suggests Hedging. Here Are Inexpensive Ways To Do So Ahead Of Mag 7 Earnings Next Week
"Hedging Is Gaining Traction" That's what Goldman Sachs's flow of funds guru Scott Rubner said in his note earlier today ("I Am Not Buying This Dip"). He also pointed out that four of the Magnificent Seven mega caps are reporting earnings next week: Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), Apple, Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN), and that if their results and guidance are not "great", those stocks will likely get punished in this market environment. In the video below, I show inexpensive ways of hedging Microsoft and Meta ahead of their earnings next week. I mention a couple of times there that there's a link to download the newly
7/25/24 10:21:42 AM ET
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Market Clubhouse Morning Memo - July 25th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis: SPDR S&P 500 ETF Trust The SPY (
7/25/24 10:15:43 AM ET
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Snowflake, Meta Partner To Optimize New Flagship Model Family In Snowflake Cortex AI

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Recent Analyst Ratings for $META$SNOW

$META$SNOW SEC Filings

Snowflake Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

SEC Form 10-Q filed by Meta Platforms Inc.

Meta Platforms Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$META$SNOW Financials

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Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025

Meta Reports Third Quarter 2024 Results

Snowflake to Announce Financial Results for the Third Quarter of Fiscal 2025 on November 20, 2024

$META$SNOW Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director Speiser Michael L bought $9,989,012 worth of shares (76,200 units at $131.09) (SEC Form 4)

Ramaswamy Sridhar bought $5,000,038 worth of shares (31,542 units at $158.52) (SEC Form 4)

Mclaughlin Mark D bought $501,313 worth of shares (3,030 units at $165.45), increasing direct ownership by 35% to 11,687 units (SEC Form 4)

$META$SNOW Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

Monness Crespi & Hardt reiterated coverage on Snowflake with a new price target

Snowflake upgraded by Monness Crespi & Hardt with a new price target

Monness Crespi & Hardt reiterated coverage on Meta Platforms with a new price target

$META$SNOW Leadership Updates

Live Leadership Updates

Tech Developers Pioneering AI Tools to Revolutionize Future Productivity and Logistics

Data Center Security and Spending Skyrocket Amid AI Boom

How Businesses Are Adapting to the Rapid Expansion of Artificial Intelligence

$META$SNOW Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Legal Officer Newstead Jennifer sold $499,831 worth of shares (905 units at $552.30), decreasing direct ownership by 2% to 38,695 units (SEC Form 4)

Chief Technology Officer Bosworth Andrew sold $11,081,116 worth of shares (19,803 units at $559.57), converted options into 12,261 shares, covered exercise/tax liability with 6,080 shares and converted options into 10,198 shares, closing all direct ownership in the company (SEC Form 4)

Chief Financial Officer Li Susan J converted options into 18,045 shares, sold $15,486,530 worth of shares (27,595 units at $561.21), converted options into 18,942 shares and covered exercise/tax liability with 9,392 shares (SEC Form 4)

$META$SNOW Press Releases

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Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo

Snowflake and Anthropic Team Up to Bring Claude Models Directly to the AI Data Cloud

Snowflake Reports Financial Results for the Third Quarter of Fiscal 2025

$META$SNOW Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13G/A filed by Snowflake Inc.

Amendment: SEC Form SC 13G/A filed by Snowflake Inc.

SEC Form SC 13G/A filed by Snowflake Inc. (Amendment)

$META$SNOW Market Insights

Live Market Insights

AI Frenzy Cools, Yen Hammers Gold And Bitcoin, First Ever Joint Air Threat From Russia And China

Goldman Sachs: Time To Hedge? Goldman's Flow-Of-Funds Guru Scott Rubner Suggests Hedging. Here Are Inexpensive Ways To Do So Ahead Of Mag 7 Earnings Next Week

Market Clubhouse Morning Memo - July 25th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

Recent Analyst Ratings for
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$META
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Insider Trading

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