$SNOW Positioned as Key Beneficiary of Enterprise AI Agent Growth

An analyst said Snowflake is positioned as one of the clearest software beneficiaries of the new AI economy, as it can monetize machine activity since every useful AI agent needs enterprise context — retrieving data, running queries and writing information back.
This allows Snowflake to capture more consumption across compute, storage, analytics and governance as agent activity scales. The analyst said this creates a flywheel where AI products like Cortex and CoCo pull more workloads onto the platform, while the underlying company data and permissions become harder to replace than the models themselves.