Snowflake Just Hired 500 Sellers—Is This The Start Of A Full-Scale AI Land Grab?
1. JPMorgan reiterated an Overweight rating on SNOW, target price $225. 2. Snowflake's Investor Day emphasized AI-driven product roadmap and market strategy. 3. Hiring increased by 500 sales staff, indicating growth potential in the market. 4. Snowflake’s Iceberg data format trend suggests a growing competitive edge. 5. New products unveiled align with transformative AI trends and market demands.