Snowflake Inc. (NYSE: SNOW) shares are trading slightly higher after the company inked a new collaboration with NVIDIA Corporation (NASDAQ: NVDA).
This collaboration will enable customers and partners to build customized AI data applications powered by NVIDIA AI within Snowflake.
Snowflake's latest collaboration with NVIDIA integrates NVIDIA AI Enterprise software into Snowflake Cortex AI, incorporating NeMo Retriever microservices.
The deal enables organizations to connect custom models to diverse business data for highly accurate responses. Additionally, Snowflake Arctic, the most open, enterprise-grade LLM, now fully supports NVIDIA TensorRT-LLM software, offering optimized performance.
Notably, Snowflake Arctic LLM, launched in April and trained on NVIDIA H100 Tensor Core GPUs, is available as an NVIDIA NIM so users can get started with the Arctic in seconds.
Sridhar Ramaswamy, CEO, Snowflake said, "Pairing NVIDIA's full stack accelerated computing and software with Snowflake's state-of-the-art AI capabilities in Cortex AI is game-changing. Together, we are unlocking a new era of AI where customers from every industry and every skill level can build custom AI applications on their enterprise data with ease, efficiency, and trust."
Snowflake stock has lost over 24% in the last 12 months. Investors can gain exposure to the stock via the TrueShares Technology, AI & Deep Learning ETF (NASDAQ: LRNZ) and the Global X Cloud Computing ETF (NASDAQ: CLOU).
Price Action: SNOW shares are up 0.52% at $137.64 at the last check Tuesday.