Snowflake SNOW is benefiting from accelerating enterprise adoption of artificial intelligence (AI), growing demand for cloud-based data platforms, and expanding AI-powered workloads. Its strong AI Data Cloud portfolio, rapid product innovation and enterprise partnerships strengthen its competitive positioning against Broadcom AVGO and Oracle ORCL. Snowflake's second-quarter fiscal 2027 results reflected this momentum, with product revenues increasing 37% year over year to $1.49 billion. The company added 692 net new customers, bringing its total customer base to 14,554. Its net revenue retention rate of 126% highlights healthy customer spending and growing adoption of AI-driven applications.
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