{"id":49387,"date":"2024-05-17T06:47:04","date_gmt":"2024-05-17T06:47:04","guid":{"rendered":"https:\/?p=49387"},"modified":"2024-05-17T06:47:04","modified_gmt":"2024-05-17T06:47:04","slug":"ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion\/","title":{"rendered":"M&#038;A News: Snowflake in Talks to Buy Reka AI for Over $1 Billion"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Data cloud giant <strong><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/SNOW\">Snowflake (SNOW: NYE)<\/a><\/strong> is reportedly in discussions to acquire artificial intelligence (AI) startup Reka AI for more than $1 billion, according to Bloomberg. This move could significantly bolster Snowflake&#8217;s generative AI capabilities and broaden its product portfolio.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Expected Snowflake&#8217;s Q1 Earnings: \u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Investors will get a closer look at Snowflake&#8217;s financial performance when the company releases its Q1 Fiscal 2025 results on Wednesday, May 22nd. Analysts on Wall Street anticipate revenue of $786.82 million, reflecting a 26.2% year-over-year increase. However, this figure indicates a moderation in top-line growth compared to previous quarters due to a slowdown in product revenue.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NYE\/SNOW\" target=\"_blank\" rel=\"noopener\">SNOW Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"SNOW\" data-theme=\"wt_bg_trans\" data-uid=\"6409847646646fd29090ed6646fd29090ee\" data-width=\"600\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2><strong>Product Revenue Growth Slows Amid Macro Concerns:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Snowflake&#8217;s product revenue growth has witnessed a steady decline over the past few quarters. This trend is attributed to ongoing pressure on enterprise spending due to broader macroeconomic anxieties. For instance, product revenue growth reached 50% in Q1 of Fiscal 2024 but fell to 37% in Q2, 34% in Q3, and 33% in Q4. This slowdown has impacted Snowflake&#8217;s overall revenue growth.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Earnings Expected to Rise Despite Moderation:\u00a0<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Analysts also project earnings of $0.18 per share, representing a 20% year-over-year increase for Snowflake. While this signifies growth, it reflects a moderation in its earnings growth rate compared to previous quarters. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data cloud giant Snowflake (SNOW: NYE) is reportedly in discussions to acquire artificial intelligence (AI) startup Reka AI for more than $1 billion, according to&#8230;<\/p>\n","protected":false},"author":17,"featured_media":49389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M&amp;A News: Snowflake in Talks to Buy Reka AI for Over $1 Billion | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"M&amp;A News: Snowflake in Talks to Buy Reka AI for Over $1 Billion\" \/>\n<meta property=\"og:description\" content=\"Data cloud giant Snowflake (SNOW: NYE) is reportedly in discussions to acquire artificial intelligence (AI) startup Reka AI for more than $1 billion, according to...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Stock Target Advisor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/StockTargetAdvisor\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-17T06:47:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.stocktargetadvisor.com\/blog\/wp-content\/uploads\/2024\/05\/STAs-Blog-Images-1-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muzzammil Ahmad\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/Muzzammil625\" \/>\n<meta name=\"twitter:site\" content=\"@AdvisorTarget\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muzzammil Ahmad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion\/\"},\"author\":{\"name\":\"Muzzammil Ahmad\",\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#\/schema\/person\/81d743c6903933055039390e1e98b5f8\"},\"headline\":\"M&#038;A News: Snowflake in Talks to Buy Reka AI for Over $1 Billion\",\"datePublished\":\"2024-05-17T06:47:04+00:00\",\"dateModified\":\"2024-05-17T06:47:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/ma-news-snowflake-in-talks-to-buy-reka-ai-for-over-1-billion\/\"},\"wordCount\":218,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.stocktargetadvisor.com\/blog\/#organization\"},\"articleSection\":[\"Market News &amp; 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