Compare Snowflake Data Cloud vs. Spark-Based Lakehouses in areas including: self-managing capabilities, single vs multiple engines, governance. and data collaboration.
ASOS investigates reports that mobile users received app notifications stating, “we have fully compromised the Snowflake instance,” as its shares fall more than 10%. The retailer’s stock decline follows reports from mobile users, and the company says it is investigating the incident.
CNBC's Morning Squawk highlights Nvidia's agreement to buy Hugging Face for nearly $13 billion and other developments ahead of the trading day. At the G20 Innovation Ministerial, technology leaders and officials discuss AI, data centers and tariffs; Snowflake rises 24% in extended trading after beating second-quarter estimates, citing growth in its AI coding business. Ford reports August Super Duty production above 39,000 units, its highest level since March 2006, while F-150 production reaches a two-year high.
Snowflake beats Wall Street estimates in its second-quarter results and raises its full-year outlook. Revenue rises 35% to $1.55 billion, while earnings before certain costs reach 62 cents per share; the company projects $6.1 billion in product revenue and a 14.5% adjusted operating margin. CEO Sridhar Ramaswamy says Snowflake expects to break even next fiscal year. Its CoCo coding agent reaches more than 9,100 customer accounts, while CoWork tops 5,800.