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AI & Enterprise

AI investment spurs growth in servers, PCs and memory, lifting enterprise hardware market

The spread of artificial intelligence is emerging as a new growth driver across the enterprise hardware market, as companies and cloud providers race to build AI infrastructure. Demand for AI servers is lifting results at major IT firms, while storage vendors and PC makers also benefit. Memory makers gain from surging needs for high-bandwidth memory used in AI servers. Concerns that AI would hurt software firms appear limited, as many reposition AI as a growth engine.

AI & Enterprise

Snowflake CEO says per-user pricing will lose justification in AI era, expand to control plane

Cloud-based data platform Snowflake posted first-quarter revenue growth of 33 percent from a year earlier, its fastest pace in two years, and its shares jumped more than 50 percent in five days. CEO Sridhar Ramaswamy said the Cortex Code coding agent is being used by more than 7,100 accounts and that Snowflake Intelligence accounts more than doubled from the prior quarter. He also outlined a control plane strategy and backed usage-based AI pricing.

AI & Enterprise

Enterprise software shares rise; can they break through the SaaSpocalypse narrative?

Shares of enterprise software companies, which had been sliding as AI spread, have recently turned higher. Collaboration software firm Atlassian raised its annual outlook, helping lift sentiment across the software-as-a-service market. Investors are watching whether this shift will weaken the so-called “SaaSpocalypse” narrative that companies will build SaaS products themselves using AI, reducing demand. Some analysts say a rebound is possible after underperformance versus the broader market.