Snowflake Expands Automotive-Focused AI Data Capabilities Amid Rising Demand for Data-Driven Manufacturing
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Cloud computing company Snowflake has expanded its AI Data Cloud offerings for the manufacturing sector, with a particular focus on the automotive industry. The development follows a marked increase in the platform's adoption over the past year, including a 416 per cent rise in data application and collaboration projects.
According to the company, deployments of analytics and data science tools on its platform have grown by 185 per cent and 188 per cent, respectively, as manufacturers seek to improve insights, operational efficiency, and predictive capabilities. The push aligns with broader trends reshaping the automotive industry, including the growth of connected vehicles, autonomous systems, electrification, and digital manufacturing practices.
Snowflake says its latest updates are designed to address the increasing complexity and data volumes generated across the vehicle lifecycle—from design and production to logistics and after-sales. Citing internal figures, the company notes that around 80 per cent of major automotive OEMs already use its data infrastructure.
Several automotive companies, including Nissan, CarMax, and Cox Automotive, are using the platform for applications ranging from analytics and forecasting to connected vehicle data integration. Leaders in these companies have indicated that the platform has helped them respond more quickly to market demands and manage operational data more efficiently.
In India, Snowflake reports a growing interest among manufacturers looking to centralise data systems and apply AI tools across their operations. "Vehicles are evolving into connected systems, and manufacturers need to handle large volumes of data across multiple functions," said Vijayant Rai, Managing Director – India, Snowflake. "We are seeing increased focus on using data to improve decision-making and streamline production processes."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 hours ago
- Yahoo
Snowflake's AI-Powered Growth Trajectory Remains Strong, Says Analyst
Snowflake (NYSE:SNOW) stock surged on Wednesday, backed by continued AI frenzy, as the company capitalizes on growing demand for its data warehousing and AI-driven products. With a notable 26% year-to-date gain, the firm remains a key player in the AI data cloud market, driven by strong momentum in its core offerings like Cortex AI and Snowpark. This comes as major tech giants, including Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), and Google parent Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), ramp up investments in AI, setting the stage for further growth in Snowflake's revenue and market of America Securities analyst Brad Sills upgraded the stock from Neutral to Buy and raised the price forecast from $220 to $240. He expressed higher conviction in Snowflake's ability to sustain its growth, citing the durability of its AI-driven momentum. Sills cited strong momentum in its core data warehouse, Cortex AI, and Snowpark developer businesses. He based the upgrade on three proprietary data sources pointing to accelerating demand, noting that despite a 47% year-over-year stock gain, shares still trade at a reasonable 1.5 times calendar 2026E FCF multiple adjusted for growth, compared with large-cap peers at 1.6 times. Sills now projects second-quarter product revenue of $1.064 billion, about 2.5% above Snowflake's $1.038 billion guidance, driven by more substantial web traffic and channel feedback indicating rising demand for AI-related workloads. He also raised earnings estimates, forecasting 2026 EPS of $0.95 (up from $0.93), 2027 EPS of $1.17 (up from $1.14), and 2028 EPS of $1.52 (up from $1.48). A recent survey of Snowflake customers reinforced his bullish stance, with respondents planning to increase spend by 12% over the next 12 months, a sharp acceleration versus the prior year, as adoption of AI workloads and new products expands. Price Action: SNOW stock is trading lower by 0.30% to $192.05 at last check Wednesday. Photo by Tada Images via Shutterstock Latest Ratings for SNOW Date Firm Action From To Mar 2022 Cowen & Co. Maintains Outperform Mar 2022 Rosenblatt Maintains Neutral Mar 2022 Jefferies Maintains Hold View More Analyst Ratings for SNOW View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? SNOWFLAKE (SNOW): Free Stock Analysis Report This article Snowflake's AI-Powered Growth Trajectory Remains Strong, Says Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Yahoo
8 hours ago
- Yahoo
Snowflake Rises 24% Year to Date: Buy, Sell or Hold the Stock?
Snowflake SNOW shares have surged 24.7% year to date, outperforming the Zacks Computer and Technology sector's appreciation of 13.8% and the Zacks Internet Software industry's growth of 21.4%. The cloud data platform provider has demonstrated strong execution throughout 2025, driven by expanding AI capabilities and a rich partner stock momentum reflects investor confidence in Snowflake's platform adoption and enterprise market penetration. As of April 30, 2025, SNOW had more than 11,500 customers, with more than 600 customers generating more than $1 million in annual product revenues. The platform's appeal among large enterprises continues to grow, with 754 Fortune Global 2000 companies leveraging Snowflake's data cloud infrastructure for their mission-critical workloads. SNOW Stock's YTD Performance Image Source: Zacks Investment Research Snowflake Shares Trading at a Premium Snowflake shares are trading at a premium, as suggested by the Value Score of F. In terms of the 12-month price/sales (P/S), SNOW is trading at 12.69X, well above the industry's 5.74X. Price/Sales (F12M) Image Source: Zacks Investment Research With shares gaining momentum year to date and valuation metrics stretched, the key question is whether SNOW still offers compelling upside at current levels. Let's take a closer look. SNOW Benefits From AI-Driven Portfolio Expansion Snowflake's AI capabilities have been noteworthy, with more than 5,200 accounts now using machine learning features weekly. The Cortex AI platform has evolved from experimental to production-ready infrastructure, featuring tools like Cortex AISQL that embed generative AI into SQL queries while delivering up to 60% cost compute enhancements include Standard Warehouse Gen2 for faster analytics performance and Adaptive Compute for automated resource management, improving both speed and efficiency. The addition of Intelligence and Data Science Agent tools further democratizes AI access for business users and data professionals. Enhanced data ingestion through Openflow complements these compute improvements, addressing key bottlenecks that previously limited enterprise AI platform's marketplace ecosystem reflects this AI-first shift, with 39% of customers maintaining data sharing relationships and listings growing 21% year over year to 3,098 during the first quarter of fiscal 2026. Strategic partnerships with content providers like USA TODAY and Stack Overflow create network effects around AI-ready planned acquisition of Crunchy Data will add enterprise-grade PostgreSQL capabilities to the platform, expanding Snowflake's addressable market into transactional workloads. Together, these product initiatives are expected to encourage enterprises to consolidate more of their data infrastructure within Snowflake's ecosystem. SNOW's Rich Partner Base Expands Market Reach Snowflake maintains a strong partner ecosystem with Microsoft MSFT, Amazon AMZN, NVIDIA NVDA and major system integrators. The Microsoft alliance integrates OpenAI models into Cortex AI through Azure, extending features into Microsoft 365 and Teams. This collaboration positions Snowflake deeper within Microsoft's enterprise productivity stack. The NVIDIA partnership combines Cortex AI with NVIDIA AI Enterprise, enabling customers to scale advanced AI applications. As GPU demand accelerates, alignment with NVIDIA strengthens Snowflake's ability to deliver performance-driven Web Services remains a critical pillar, with Snowflake supporting more than 6,000 joint customers across industries. The Amazon collaboration expands to secure workloads on AWS GovCloud, reinforcing Snowflake's cloud-native positioning as enterprises consolidate data core cloud partnerships, Snowflake is teaming with Acxiom to embed AI-powered marketing solutions directly into its environment, while customers like Canva highlight enterprise adoption. SNOW Anticipates Upside for Q2 and FY26 For the second quarter of fiscal 2026, Snowflake expects product revenues in the range of $1.03-$1.04 billion. The projection range indicates year-over-year growth of 25%.For fiscal 2026, Snowflake projects product revenues to grow 25% year over year to reach $4.32 Zacks Consensus Estimate for second-quarter fiscal 2026 revenues is currently pegged at $1.09 billion, indicating 24.91% year-over-year growth. The consensus mark for earnings is currently pegged at 26 cents per share, unchanged over the past 30 days. This suggests an increase of 44.44% year over year. Snowflake Inc. Price and Consensus Snowflake Inc. price-consensus-chart | Snowflake Inc. Quote The consensus estimates for SNOW's fiscal 2026 revenues is pegged at $4.52 billion, indicating year-over-year growth of 24.57%. The consensus mark for earnings is pegged at $1.06 per share, unchanged over the past 30 days. This suggests an increase of 27.71% on a year-over-year basis. What Should Investors do With SNOW Stock? Snowflake's AI-driven portfolio expansion, growing enterprise adoption and strong partner ecosystem have kept momentum steady through 2025. However, with shares already trading at a premium relative to the industry, the stock appears to be pricing in much of the near-term upside. Investors may prefer to monitor how AI adoption and the Crunchy Data integration translate into sustained top-line acceleration before considering fresh positions. SNOW currently carries a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favourable entry point in the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Snowflake Inc. (SNOW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
9 hours ago
- Yahoo
Snowflake's AI-Powered Growth Trajectory Remains Strong, Says Analyst
Snowflake (NYSE:SNOW) stock surged on Wednesday, backed by continued AI frenzy, as the company capitalizes on growing demand for its data warehousing and AI-driven products. With a notable 26% year-to-date gain, the firm remains a key player in the AI data cloud market, driven by strong momentum in its core offerings like Cortex AI and Snowpark. This comes as major tech giants, including Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), and Google parent Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG), ramp up investments in AI, setting the stage for further growth in Snowflake's revenue and market of America Securities analyst Brad Sills upgraded the stock from Neutral to Buy and raised the price forecast from $220 to $240. He expressed higher conviction in Snowflake's ability to sustain its growth, citing the durability of its AI-driven momentum. Sills cited strong momentum in its core data warehouse, Cortex AI, and Snowpark developer businesses. He based the upgrade on three proprietary data sources pointing to accelerating demand, noting that despite a 47% year-over-year stock gain, shares still trade at a reasonable 1.5 times calendar 2026E FCF multiple adjusted for growth, compared with large-cap peers at 1.6 times. Sills now projects second-quarter product revenue of $1.064 billion, about 2.5% above Snowflake's $1.038 billion guidance, driven by more substantial web traffic and channel feedback indicating rising demand for AI-related workloads. He also raised earnings estimates, forecasting 2026 EPS of $0.95 (up from $0.93), 2027 EPS of $1.17 (up from $1.14), and 2028 EPS of $1.52 (up from $1.48). A recent survey of Snowflake customers reinforced his bullish stance, with respondents planning to increase spend by 12% over the next 12 months, a sharp acceleration versus the prior year, as adoption of AI workloads and new products expands. Price Action: SNOW stock is trading lower by 0.30% to $192.05 at last check Wednesday. Photo by Tada Images via Shutterstock Latest Ratings for SNOW Date Firm Action From To Mar 2022 Cowen & Co. Maintains Outperform Mar 2022 Rosenblatt Maintains Neutral Mar 2022 Jefferies Maintains Hold View More Analyst Ratings for SNOW View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? SNOWFLAKE (SNOW): Free Stock Analysis Report This article Snowflake's AI-Powered Growth Trajectory Remains Strong, Says Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
