Snowflake Inc. is a cloud-based data warehousing company that provides a platform allowing businesses to store and analyze large amounts of data. By leveraging the power of the cloud, Snowflake enables organizations to access, manage, and derive insights from their data in real-time, facilitating data collaboration across multiple departments. Its innovative architecture allows for seamless scaling, enhanced security, and a user-friendly interface, making it an attractive solution for enterprises looking to harness the power of their data for better decision-making and operational efficiencies. Snowflake supports diverse data workloads and integrates easily with various data tools and applications, positioning itself as a leader in the data analytics space. Read More
Snowflake Inc (NYSE:SNOW) shares are trading lower, pulling back from a broad market surge on Wednesday that lifted stocks across the board. The company on Thursday announced that it received Department of Defense (DOD) Impact Level 5 (IL5) authorization.
Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced it has achieved Department of Defense (DOD) Impact Level 5 (IL5) Provisional Authorization (PA) on AWS GovCloud US-West. This authorization enables Snowflake to offer IL5 authorized solutions to organizations requiring the highest levels of protection for Controlled Unclassified Information (CUI) within the DOD and related agencies. It also allows the DOD to leverage advanced data analytics, collaborate securely, and generate AI-driven insights on Snowflake's platform to enhance mission-critical operations, accelerate digital transformation initiatives, and achieve cognitive advantage. This milestone comes as Snowflake expands its government-focused operations with the launch of Snowflake Public Sector, Inc., a dedicated U.S. Public Sector subsidiary, emphasizing its commitment to serving Federal, Defense, State and local government, and education entities.
Snowflake (NYSE: SNOW), the AI Data Cloud company, announced that it is bringing its core capabilities — unparalleled performance, secure data sharing, and data protection — to Apache Iceberg™ tables1, one of the fastest-growing open table formats, empowering organizations to activate data faster with zero data movement and open interoperability. As a result, Snowflake customers can now seamlessly accelerate their open lakehouse strategies, unlocking data access and analysis across open and managed environments in order to build, scale, and share advanced insights and AI-powered apps faster.
Shares of data warehouse-as-a-service Snowflake (NYSE:SNOW)
fell 5.2% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit.
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