International Business Machines Corporation

Piper Sandler analyst Brent A. Bracelin attended Virtual Iceberg Summit 2024 sessions over the last two days with data architects and engineers from Apple Inc (NASDAQ:AAPL), ByteDance, CrowdStrike Holdings, Inc (NASDAQ:CRWD), EBay Inc (NASDAQ:EBAY), Alphabet Inc (NASDAQ:GOOGL) Google, International Business Machines Corp (NYSE:IBM), Microsoft Corp (NASDAQ:MSFT) LinkedIn, Netflix Inc (NASDAQ:NFLX), Pinterest Inc (NYSE:PINS), Tencent, and Uber Technologies, Inc (NYSE:UBER). Bracelin reiterated an Overweight rating on Snowflake Inc (NYSE:SNOW) with a price target of $240. From his standpoint, the industry takeaways were that Iceberg adoption is still nascent, less than 200 attendees per session suggests Iceberg is still in the hands of early adopters, and broader enterprise adoption of Iceberg across the Global 2000 could still be much further out, with most use cases in the hands of the biggest open-source users and advocates. Also Read: Snowflake Expands Data Clean Rooms Across Clouds; CEO’s Insider Buying Amid Databricks ‘Competition’ Buzz Sparks Attention Bracelin said Snowflake flagged Iceberg tables as one of the potential drags on the 2024 growth trajectory, which was lowered to a mid-point of 22% earlier this year.  The analyst noted that this was understandable, given ...Full story available on Benzinga.com

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Palo Alto (PANW) partners with International Business Machines to improve its security platforms with the latter's artificial intelligence capabilities to deliver AI-powered security solutions.

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