Snowflake (SNOW) shares have surged 24.7% year to date, outperforming the Computer and Technology sector and Internet Software industry. The cloud data platform provider has demonstrated strong execution throughout 2025, driven by expanding AI capabilities and a rich partner base. Snowflake’s AI capabilities have been noteworthy, with more than 5,200 accounts now using machine learning features weekly. The Cortex AI platform enables SQL-based generative AI with up to 60% cost savings. SNOW expects FY26 product revenues to rise 25% year over year, reaching $4.32 billion. Snowflake shares are trading at a premium, with a Value Score of F and a 12-month price/sales ratio of 12.69X. Strategic partnerships with Microsoft, Amazon, and NVIDIA are driving Snowflake’s market reach and performance-driven workloads. As Snowflake anticipates upside for Q2 and FY26, investors may prefer to monitor how AI adoption and the Crunchy Data integration translate into sustained top-line acceleration before considering fresh positions. Snowflake currently carries a Zacks Rank #3 (Hold).

Read more at Zacks Investment Research: Snowflake Rises 24% Year to Date: Buy, Sell or Hold the Stock? – August 20, 2025