Snowflake & Nvidia
Snowflake has announced a partnership with NVIDIA that marks a sigificant milestone in AI-driven data applications. By integrating NVIDIA AI Enterprise software with Snowflake’s platform, customers and partners gain access to powerful tools for building customized AI solutions tailored to their specific needs.
Snowflake Arctic, a component of the Snowflake platform, now benefits from full support with NVIDIA TensorRT-LLM software. This integration optimises performance, ensuring that users can harness Arctic’s efficient intelligence with enhanced efficiency.
As enterprises increasingly seek to leverage AI to drive innovation and competitive advantage, the ability to customise AI solutions becomes paramount. Snowflake’s collaboration with NVIDIA enables companies to rapidly develop bespoke AI applications for their own custom usage.
Sridhar Ramaswamy, CEO of Snowflake, touts the game-changing nature of this collaboration, emphasizing how it unlocks a new era of AI accessibility and applicability. By combining NVIDIA’s accelerated computing and software with Snowflake’s advanced AI capabilities, customers gain unprecedented ease, efficiency, and trust in building custom AI applications on their enterprise data. Jensen Huang, founder and CEO of NVIDIA, also underscores the unique partnership and its ability to transform the space.
SNOW Stock Forecast & Analysis
According to the aggregated forecast of 30 analysts, the average target price for Snowflake Inc. stands at USD 211.02 within the upcoming 12 months. This implies a significant potential upside from the current stock price. Moreover, the consensus among analysts is a Strong Buy rating, indicating a high level of confidence in the company’s future performance.
However, Stock Target Advisor’s own analysis of Snowflake Inc. presents a slightly bearish outlook. This assessment is based on a combination of positive and negative signals. While there are three positive signals indicating potential opportunities, there are also six negative signals suggesting caution.
At the last closing, Snowflake Inc.’s stock was valued at USD 137.00. This represents a decrease of 9.12% over the past week, 14.01% over the past month, and 21.81% over the last year. These downward trends in stock price performance raise concerns and may contribute to the bearish sentiment observed in Stock Target Advisor’s analysis.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
