Snowflake Inc. (SNOW) — the peer cohort

Long reads

• The Agentic Winners 25Dossier · $49 · 31 Mar 2026Snowflake provides the governed data warehouse agents query for analytical context.
• Agentic Application Software: The SaaSpocalypse MapDossier · $39 · 27 Feb 2026Long AI infrastructure from Strand 2: Datadog (DDOG — observability gravity), Cloudflare (NET — edge distribution), Snowflake (SNOW — data gravity), MongoDB (MDB — developer ecosystem), Pure Storage (PSTG — ICMS context memory), Elastic…
• Agentic Infrastructure Software: The Orchestration LayerDossier · $39 · 24 Feb 2026The hardware requires all-flash array partners (Pure Storage, NetApp, Dell) to build the physical boxes, while software platforms (Elastic, MongoDB, Snowflake) organize and query the data.

101 and glossary

• ABR — Agent Beneficiary Ratio: Scoring AI Disruption Impact101Key Companies NVDA NVIDIA Natural Position — infrastructure provider CRM Salesforce Cannibalize or Die — Agentforce pivot SNOW Snowflake Natural Position — data infrastructure for agents ZEN Zendesk Terminal — agents replace tier-1 support
• Agentic AI Adoption Curve: Where We Are and What Comes Next101Key Companies CRM Salesforce Agentforce adoption as leading indicator MSFT Microsoft Copilot/agent platform — largest distribution ANTH Anthropic Agent framework + tool use (private) SNOW Snowflake Data infrastructure for agent workloads
• Agentic AI: Who Eats Whose Lunch — A Concrete Winner/Loser Map101Cloud compute: AWS, Azure, GCP — agents run on their infrastructure Data platforms: Snowflake, Databricks — agents need data to act on Observability: Datadog, Elastic — monitoring agent behavior at scale Semiconductor: The entire 6-layer…
• AI Infrastructure Outlook 2026: Layers, Risks, and Positioning101Snowflake, Datadog, and Confluent benefit from the inference-side of AI spending.
• SaaSpocalypse: Why Agentic AI Destroys the SaaS Pricing Moat101Snowflake, Databricks, and MongoDB provide the data layer that agents consume.
• The 6-Layer Model: How Closelook Maps the AI Supply Chain101Layer 5 — Data Platforms: Snowflake, Datadog, Confluent, Elastic.
• Work-as-a-Service: The Post-SaaS Business Model101Similar to Snowflake's compute credits model.

Dailies

• Asian Chips — Korea’s chip exports more than tripled and the Kospi touched 7,000, with Tokyo shutMorning 10 · 21 Sept 2026
• Rates — the Fed hikes and the 10-year closes above 5%: the belly sold, the relief unwound, chips back under $505Morning 10 · 17 Sept 2026The Agentic Ecosystem index closed +0.3% at 1,606.60 on its European infrastructure names, OVHcloud +8.0%, and on DigitalOcean +5.0%, CoreWeave +3.0%, Snowflake +2.5%; its Compute Operators layer +2.0% — the sellers of compute recovering…
• Asia’s chip rally fades into the close: Kospi touches 7,171 and ends under 7,000, Nikkei −1.2% on a 153 yen — and Lenovo drops 6%, Z.ai 10% in Hong KongMorning 10 · 8 Sept 2026S&P 500 futures are down 0.2%, the Dow’s 0.8%, the Nasdaq’s up 0.2%, and today’s close grades Broadcom, Snowflake and HPE.
• Chips up again, software down again — Friday's split is turning into a trendMidday 10 · 8 Sept 2026Snowflake entered at $305.84 and trades near $334.93, far above its $315.02 line: paid.
• Kospi jumps 4% on OpenAI’s new model: SK hynix +7%, Kioxia +9%, SoftBank +10% — while gold and bitcoin slide on the rate-hike oddsMorning 10 · 7 Sept 2026This week: Wall Street reopens Tuesday with Broadcom, Snowflake and HPE getting their grades, Oracle reports, US inflation Friday
• Samsara jumps 15%, Zscaler beats and goes nowhere, bitcoin tops $81,000 — Wall Street’s best day in a month lands the night before the jobs reportMorning 10 · 4 Sept 2026Snowflake, sold down 8% before its print, rose 16.6% to 356.47 and touched its highest price since 2021.
• From Silicon Scarcity to Software Scarcity: The Next AI Bottleneck Is Permission to Act, and the Market Graded It This WeekDaily Pulse · 3 Sept 2026In the eight-layer stack the thesis describes, Snowflake (context) reported a third quarter of accelerating growth and jumped 20% after hours; MongoDB (operational state) beat and fell 13.5%; Palo Alto (identity) beat and fell 9.3%…
• Snowflake jumps 20%, Broadcom stalls, Dell soars 16% — the market is paying for faster growth, not for beatsMorning 10 · 3 Sept 2026Snowflake beat by 38% and raised its forecast, and the stock surged 20% after hours.