As 2025 wraps up, Snowflake’s stock stabilizes near $225, reflecting a 46% year-to-date increase after reporting a 29% revenue jump to $1.21 billion. CEO Sridhar Ramaswamy highlights the company’s $100 million AI revenue run rate achieved ahead of schedule, spurred by the rapid adoption of agentic AI. Meanwhile, Microsoft, despite strong fundamentals with a stock hovering around $488, faces scrutiny over capital expenditures and must demonstrate AI monetization to remain competitive. The AI arms race intensifies.