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SAN FRANCISCO - Snowflake Inc. (NYSE: SNOW), a leader in cloud-based data warehousing and analytics with a market capitalization of $70 billion, has announced the launch of its Standard Warehouse - Generation 2 (Gen2), promising significantly faster analytics performance. The company’s stock has delivered an impressive 53% return over the past year and is currently trading near its 52-week high of $210.44. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. The company revealed the new offering at its Snowflake Summit 2025, emphasizing that Gen2 is now generally available and provides 2.1 times faster analytics performance compared to its predecessor.
The Gen2 warehouses are equipped with upgraded hardware and software enhancements aimed at handling larger data volumes and more complex analytics workloads. Snowflake’s advancements are designed to support organizations in making quicker data-driven decisions and to prepare for the rapidly evolving AI era. The company has demonstrated strong execution with revenue growth of 27.5% in the last twelve months. Want deeper insights? InvestingPro offers comprehensive analysis and 12 additional ProTips for Snowflake.
Alongside the Gen2 warehouses, Snowflake introduced its Adaptive Compute service, currently in private preview, which aims to simplify resource management by automatically sizing and sharing resources to optimize efficiency and reduce costs. Adaptive Warehouses, powered by Adaptive Compute, are intended to further accelerate performance without increasing expenses.
Snowflake also announced enhancements in interoperability, AI-powered security, and governance within its Snowflake Horizon Catalog. The company is soon to offer Catalog-Linked Databases for syncing with Apache Iceberg objects and External Data in Universal Search for discovering data across various databases. Additionally, the Copilot for Horizon Catalog, an AI-powered chat interface, is set to provide intuitive governance and security insights.
For data recovery, Snowflake plans to introduce Snapshots, a feature for point-in-time, immutable backups to enhance regulatory compliance and protect against ransomware. Extensions to Snowflake’s Trust Center will also be available, allowing customers to build security solutions tailored to their needs.
These innovations, according to Snowflake, are not just infrastructure improvements but a reimagining of what customers can expect from a modern data platform, as stated by Artin Avanes, Head of Core Data Platform at Snowflake.
Pfizer’s Director of Enterprise Database Solutions, Steve Ring, expressed optimism about the potential of Adaptive Warehouses to streamline operations and dynamically adjust resources to workload demands.
While Snowflake’s announcements indicate a forward-looking approach to data management, these statements should be viewed with the understanding that they are forward-looking and subject to risks and uncertainties. However, market sentiment remains positive, with 24 analysts recently revising their earnings expectations upward for the upcoming period. For detailed financial analysis and expert insights, check out the comprehensive Pro Research Report available on InvestingPro, covering what really matters about Snowflake and 1,400+ other top stocks.
This article is based on a press release statement from Snowflake Inc.
In other recent news, Snowflake Inc. announced its intention to acquire Crunchy Data to integrate enterprise-grade PostgreSQL into its AI Data Cloud, enhancing its database solutions with a focus on security and compliance. This acquisition, still subject to regulatory approvals, aims to simplify AI application development and is supported by partners like Blue Yonder and LandingAI. Additionally, Snowflake has partnered with LA28 and Team USA to enhance athlete performance and fan engagement for the upcoming Olympic and Paralympic Games using its AI Data Cloud capabilities. In another development, Citi analysts have raised the price target for Snowflake shares to $245, maintaining a Buy rating due to strong first-quarter performance, new product introductions, and significant bookings growth. Meanwhile, Argus has reiterated a Hold rating on Snowflake, noting the company’s ongoing investment phase and focus on AI and machine learning, which could yield future benefits. Furthermore, Canva is leveraging Snowflake’s data platform to enhance its B2B growth and innovation, with improvements in user experience and marketing strategies. These developments underscore Snowflake’s strategic initiatives and partnerships aimed at expanding its capabilities and market presence.
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