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 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,

Shares of Snowflake saw their largest percentage increase on record after the cloud data storage company posted better-than-expected product revenues and forged a new generative artificial-intelligence partnership.

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.