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AI & Enterprise

Snowflake to acquire enterprise MCP firm Natoma to support secure AI agent connectivity

Snowflake said on May 29 it will acquire Natoma, an enterprise Model Context Protocol (MCP) platform company for AI agents. Snowflake said the deal will help it build a native integrated governance and identity layer that can access AI agents and MCP tools. It said customers will be able to connect Cortex Agents, Snowflake Intelligence, Cortex Code and other AI platforms to SaaS applications, cloud environments, VPCs and on-premises infrastructure through a validated MCP server library.

AI & Enterprise

Snowflake soars 40 percent to recover year-to-date losses; AI chip supercycle expectations

Snowflake shares surged about 40 percent on May 28, recovering their cumulative decline since the start of the year in a single session. The AI data cloud company posted results that beat market expectations and said it signed a $6 billion long-term contract with Amazon Web Services. Revenue rose 33 percent to $1.39 billion, while adjusted earnings per share topped forecasts. Snowflake raised its fiscal 2027 annual product revenue guidance to $5.84 billion.