Snowflake Says AI Is No Longer Just A Tailwind — It's Driving The Business

Snowflake's shares surged over 35% premarket after the company directly linked accelerating growth to AI product adoption, particularly its Cortex Code platform. Management emphasized that AI is actively driving current business growth rather than being a future opportunity, with product revenue growth accelerating to 34% year-over-year. The company also repositioned itself as an 'agent control plane' for enterprise AI orchestration, marking a significant shift from previous AI discussions focused on pilots and experimentation.