Snowflake stock rises after strategic partnership with Palantir

Published 16/10/2025, 12:08
©  Reuters

Investing.com -- Snowflake (NYSE:SNOW) stock rose 5% while Palantir (NYSE:PLTR) shares gained 1% after the companies announced a strategic partnership integrating Snowflake’s AI Data Cloud with Palantir’s Foundry and Artificial Intelligence Platform.

The partnership aims to enable customers in both commercial and public sectors to build more efficient data pipelines and faster AI applications. A key feature of the integration includes bidirectional, zero-copy interoperability between Foundry and Snowflake Iceberg Tables.

Eaton (NYSE:ETN), a global power management company operating in over 175 countries, is already implementing the integrated solution to build its data foundation for AI-enabled workflows. The company is using the partnership to create a unified, secure data source that eliminates duplication, supports enterprise-wide governance, and accelerates AI application development.

"With a native integration between Snowflake and Palantir, two of our strategic technology partners, we eliminate tedious data movement tasks allowing us to focus on delivering outcomes ranging from agentic configuration, pricing and quoting to digital twins on our shop floor and improved servicing of our products in the field," said Ross Schalmo, Chief Data Officer at Eaton .

The integration enables Eaton to improve customer experience through AI-driven order recommendations, connect engineering to manufacturing with supply chain orchestration, and create a unified technical landscape with end-to-end business traceability.

Mike Gannon, Chief Revenue Officer at Snowflake, described the partnership as "a natural fit" aimed at reducing friction for customers deploying intelligent applications, while Ted Mabrey, Global Head of Commercial at Palantir Technologies, emphasized that "first class interoperability means our customers win."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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