Market PositioningSnowflake is gaining share in an $80B+ DBMS market, while expanding its TAM through new use cases in data engineering and AI/ML.
Product DevelopmentSnowflake introduced over 400 new capabilities, appealing to data engineers and scientists, indicating product appeal.
Stock PerformanceSNOW is currently up 5.5% YTD, vs. the IGV Index decline of 3.7%, indicating strong stock performance relative to the market.