According to the company $SNOW (+1,18%) , the total addressable market for Snowflake's platform is expected to more than double between 2023 and 2028, implying an annual average growth rate of 18%.
It generated 28% top-line growth in the third fiscal quarter, and it is one of the fastest-growing Cloud companies in the sector.
In the last several years, Snowflake has acquired AI expertise by buying start-ups like Neeva, Streamlit and Applica which are set to help the company gain advanced AI knowledge for use on its enterprise platform.
