TLDR
- Snowflake stock jumped 5-6% after announcing a strategic partnership with Palantir Technologies that integrates their AI platforms
- The partnership features bidirectional, zero-copy interoperability between Palantir’s Foundry and Snowflake Iceberg Tables
- Eaton is the first major company implementing the integrated solution to build its data foundation for AI-enabled workflows
- The integration aims to help commercial and public sector customers build faster data pipelines and AI applications
- Snowflake shares have gained 56% year-to-date and more than 100% over the past 12 months
Snowflake shares climbed 5% to 6% in Thursday trading after the company announced a strategic partnership with Palantir Technologies. Palantir stock also moved higher, gaining around 1% on the news.
The partnership integrates Snowflake’s AI Data Cloud with two of Palantir’s core products. These include Palantir’s Foundry platform and its Artificial Intelligence Platform.
The integration will serve customers in both commercial and public sectors. The goal is to help them build more efficient data pipelines and faster AI applications.
A key feature of the deal is bidirectional, zero-copy interoperability between the platforms. This connects Palantir’s Foundry with Snowflake Iceberg Tables.
First Major Implementation
Global power management company Eaton has already started using the integrated solution. The company operates in over 175 countries and is building its data foundation for AI-enabled workflows.
Eaton is using the partnership to create a unified, secure data source. This eliminates data duplication and supports enterprise-wide governance while speeding up AI application development.
Ross Schalmo, Chief Data Officer at Eaton, said the native integration eliminates tedious data movement tasks. The company can now focus on delivering outcomes ranging from agentic configuration to digital twins on the shop floor.
Eaton plans to use the integration for several applications. These include AI-driven order recommendations and improved product servicing in the field.
The company is also connecting engineering to manufacturing with supply chain orchestration. The goal is creating a unified technical landscape with end-to-end business traceability.
Executive Perspectives
Mike Gannon, Chief Revenue Officer at Snowflake, called the partnership “a natural fit.” He said it aims to reduce friction for customers deploying intelligent applications.
Ted Mabrey, Global Head of Commercial at Palantir Technologies, focused on the customer benefits. He stated that “first class interoperability means our customers win.”
The partnership allows both companies to leverage their respective strengths. Snowflake brings its data storage and AI capabilities while Palantir contributes its analytics and AI platform expertise.
Stock Performance
Snowflake has performed well in recent months. The stock has risen 56% year-to-date.
Over the past 12 months, shares have gained more than 100%. The stock closed Thursday at $256.02.
Palantir also saw gains during Thursday’s session. Futures tracking the S&P 500 index were up 0.4% the same day.
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