Market ExpansionSnowflake is gaining share in an $80B+ DBMS market, while expanding its TAM through new use cases in data engineering and AI/ML.
Product InnovationNewer products like Snowpark, Iceberg Tables, and Dynamic Tables should drive incremental demand.
Stock PerformanceSNOW is currently up 5.5% YTD, vs. the IGV Index decline of 3.7%, indicating strong stock performance relative to the market.