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SNOW

Data is the foundation on which artificial intelligence is built, and that's great news for Snowflake (SNOW 0.26%) stock investors.

Snowflake (NYSE:SNOW) and Palantir (NASDAQ:PLTR) are well-positioned to make the most of the AI boom as they help enable other firms to harness the full power of the revolutionary technology.

Snowflake Inc. (NYSE:SNOW) deepened its artificial intelligence (AI) push with a new partnership with Palantir Technologies Inc. (NYSE:PLTR), aiming to simplify and accelerate enterprise AI development across industries.

Artificial intelligence (AI) has become the megatrend of this decade and is fast transforming the enterprise landscape. According to Gartner, global AI spending will be nearly $1.5 trillion in calendar year 2025.

The adoption of artificial intelligence (AI) software solutions has been a solid tailwind for companies that had been struggling for growth. Palantir Technologies (PLTR 1.03%) and Snowflake (SNOW -0.25%) are two such examples that have received a nice shot in the arm thanks to the growing demand for generative AI software solutions.

The software giants will partner to help companies modernize data for AI apps. Palantir stock while Snowflake jumped back above a buy point.

The data storage company's AI Data Cloud will be integrated with two of Palantir's software products.

No-Headquarters/BOZEMAN, Mont. & DENVER--(BUSINESS WIRE)--Snowflake (NYSE: SNOW), the AI Data Cloud company, and Palantir Technologies Inc. (NASDAQ: PLTR), the industry leading provider of enterprise operating systems, today announced a new partnership that integrates Snowflake's AI Data Cloud with Palantir Foundry and Palantir Artificial Intelligence Platform (AIP). With this partnership, customers in the commercial and public sectors will be able to build more efficient and trusted data pipel.

Snowflake shares are up 54% YTD, with potential for over 30% further upside based on improving cash flow and market cap projections. Despite high valuation metrics, SNOW's strong revenue growth, expanding customer base, and rising free cash flow support a bullish outlook. Management guides for FY 2026 revenue of $4.4B and a 25% free cash flow margin, with new AI products emerging.

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