Ramaswamy was seen as a leader who could help Snowflake maintain an edge in the AI world. On the Q3 2025 earnings call, he mentioned how numerous customers cited Snowflake's ease of use and the quickness with which they derive value from its software, giving Snowflake a competitive advantage over its peers.

Snowflake Inc.'s stock is rising 3% in premarket trading on Monday after Wedbush analyst Daniel Ives upgraded the AI software maker to outperform from neutral. “Now its time for the broader software space to get in on the AI Party as we believe the use cases are exploding,

Shares of Snowflake saw their largest percentage increase on record after the cloud data storage company posted better-than-expected product revenues and forged a new generative artificial-intelligence partnership.

Last week, data company Snowflake (NYSE: SNOW) reported financial results for its fiscal third quarter of 2025. This morning, Wedbush analyst Dan Ives published a report stating that artificial intelligence (AI) is starting to revolutionize the software space and noted that Snowflake is a big beneficiary,