Bears Said AI Would Eat Snowflake. Instead, It May Have Reignited Growth

Wall Street is revising its Snowflake bear case after analysts’ expectations that AI would make the company obsolete failed to match what’s showing up in its reported numbers. The article emphasizes that the shift is “unexpected,” but it does not provide specific revenue/earnings figures or precise guidance changes, suggesting the impact is currently more sentiment/positioning-driven than data-confirmed.