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flag Snowflake Inc. reports robust earnings, raises revenue forecasts, and sees strong AI growth potential.

flag Snowflake Inc. reported strong second-quarter earnings and raised its fiscal 2026 revenue forecast due to growing demand for its AI and data analytics services. flag CEO Sridhar Ramaswamy dismissed claims of AI reaching a plateau, stating that the technology's adoption is still in early stages. flag The company's stock surged by nearly 14% due to positive earnings and increased investor confidence in the AI sector. flag Snowflake's cloud-agnostic platform allows companies to manage and host AI models across multiple cloud providers, positioning it well in the growing AI market.

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