CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Snowflake Surges After Announcing Strategic Partnership with Palantir” 🚨🚨🚨

Snowflake (SNOW $244.30 ▲1.43%) gained momentum Thursday after revealing a strategic partnership with Palantir Technologies (PLTR $183.35 ▲2.08%), the AI software and defense data powerhouse. The collaboration integrates Snowflake’s AI Data Cloud with Palantir’s Foundry and Artificial Intelligence Platform (AIP) — a move aimed at helping enterprises unlock smarter, faster data insights.

The partnership underscores how data infrastructure has become a key pillar of the AI boom. As companies rush to harness artificial intelligence, demand for both data management software and physical storage solutions has surged. Hardware-based storage providers like Seagate Technology (STX $230.18 ▲4.92%) and Western Digital (WDC $129.15 ▲7.23%) have been among the S&P 500’s standout performers this year.

Meanwhile, cloud data firms such as Snowflake and Datadog (DDOG $162.67 ▲1.66%) are also seeing renewed investor enthusiasm. Snowflake shares have doubled over the past year, while Datadog has posted a solid 27% gain, reflecting growing confidence in data-driven AI adoption.

RBC analysts praised the move, noting that “Snowflake is well-positioned as an AI beneficiary as organizations turn to the company to prepare their data for AI workloads.”

With this partnership, Snowflake and Palantir are positioning themselves at the heart of the next wave of AI data infrastructure, bridging the gap between raw data and intelligent decision-making.