NVDA - Snowflake and Nvidia Partner Up on AI but There's a Lot More to This Story
2023-06-30 05:25:00 ET
Snowflake (NYSE: SNOW) captured the attention of many investors since its white-hot initial public offering (IPO) in 2020, and it continues to command attention even after the stock price's collapse since then. And for good reason.
Data storage, management, and analysis are all trends that aren't going away. Indeed, with generative AI in a hype cycle, the importance of digital data is only ratcheting up. All this helps explain why Snowflake just launched a new partnership with Nvidia (NASDAQ: NVDA) , the semiconductor giant that emerged as a platform business for all things AI this year.
But there's another reason Snowflake needed to tap Nvidia for some new AI tooling.
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Snowflake and Nvidia Partner Up on AI, but There's a Lot More to This Story