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UBS says AI drives growing Snowflake spend, keeps Buy ahead of results

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Sig1.85Sen+5.20Env0.00Soc0.00Gov0.00

UBS tells clients that AI is translating into real, growing spend on Snowflake and keeps a Buy rating into fiscal second-quarter results on September 2. Analysts cite conversations with seven enterprise partners and customers about Cortex Code, Coco tools and data-layer demand, noting added focus on operationalizing data with AI models via semantic layers and knowledge graphs.

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