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,

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,

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 aims to boost revenue with the new CEO and AI enhancements to compete with Databricks while partnering with Anthropic for advanced AI offerings.

Snowflake's (NYSE: SNOW) stock soared 33% on Nov. 21 after the cloud-based data warehouse provider posted its latest earnings report. For the third quarter of fiscal 2025, which ended on Oct. 31, its revenue rose 28% year over year to $942.

See the 10 stocks » Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Snowflake wasn’t one of them.