The world’s attention is turning to Los Angeles, not just for the excitement of the 2028 Olympic and Paralympic Games, but also for the technology behind the scenes. Snowflake (SNOW) has been named the official data-sharing partner for the LA28 Games. This news comes at an important time for both Snowflake and the wider artificial intelligence subsector.

The International Energy Agency (IEA) reports that global electricity use from data centers, mainly because of AI, will more than double to around 945 terawatt-hours by 2030, reaching levels similar to the entire country of Japan. This massive demand shows why partnerships like Snowflake’s with the LA Olympics matter so much. Managing, analyzing, and safely sharing huge amounts of data is now a key part of making any big event successful.

With the world watching and expectations high, could Snowflake's Olympic partnership be the move that secures its place as a leader in the next stage of AI? Let's take a look.

How SNOW’s Financials Stack Up

Snowflake (SNOW) has changed the way companies use their data by offering a cloud platform that separates storage from computing. This setup makes storing, analyzing, and sharing data faster and easier for everyone, whether it’s a large corporation or a small startup. 

The stock’s recent performance shows that investors are starting to buy into the Snowflake story. Over the past 52 weeks, SNOW shares have climbed 35.1%, and so far this year, they’re up 31.9%. 

On the financial side, Snowflake keeps delivering solid growth. In its most recent quarter, product revenue reached $996.8 million, up 26% from last year. The company’s net revenue retention rate is 124%, showing it’s doing a good job keeping and growing business with existing customers. Snowflake now has 606 customers who each bring in more than $1 million in product revenue over the past year, and it serves 754 Forbes Global 2000 companies. Its remaining performance obligations (RPOs), which point to future revenue, have grown to $6.7 billion, up 34% year-over-year.

Even with this strong growth, Snowflake is not yet profitable on a GAAP basis, and reported a net loss of $1.29 billion over the past 12 months. Still, the company’s market cap is a very respectable $68.2 billion, with annual sales of $3.63 billion - and with its most recent adjusted quarterly profit of $0.26 per share, Snowflake is starting to show it can manage its costs while still investing in new projects and innovation.

What’s Fueling Snowflake’s Next Chapter?

As the Official Data Collaboration Provider of the LA28 Olympic and Paralympic Games, Snowflake’s AI Data Cloud will support Team USA and event organizers by bringing together everything from athlete training stats and health records to nutrition and performance details. This partnership goes beyond just making things run smoothly. It’s about helping athletes perform at their best and giving fans a more personal experience, whether they’re at the stadium or watching from home. 

The Olympic deal is just part of what Snowflake is working on. The company is putting more resources into AI by opening the Silicon Valley AI Hub, a nearly 30,000-square-foot space for developers, startups, and business leaders to work together. Snowflake has set aside up to $200 million for new startups through its accelerator program and is spending $20 million to help more people learn about AI. With these steps, Snowflake is making sure it stays ahead in AI and continues to support over 4,000 customers who use its advanced AI and machine learning tools.

Analyst Insights on SNOW Stock

Snowflake’s financial outlook remains solid as it steps into the spotlight with its partnership, and Wall Street is watching closely. For fiscal 2026, the company expects product revenue to grow by 25% to $4.32 billion and is aiming for an 8% operating income margin. These targets show that management feels good about the company’s direction.

Analysts seem to agree. All 43 surveyed give SNOW a “Strong Buy” rating, with an average price target of $216.47. That is approximately 5.3% higher than the current share price, indicating there is still potential for the stock to rise.

Ownership trends also tell an interesting story. Institutional investors hold about 65% of the stock, showing strong support from big players. Over the past year, insiders have bought just once. Still, with insiders holding about 6.8% of shares and institutions holding the majority, there’s a clear sign that many experienced investors still have confidence in Snowflake.

Conclusion

Snowflake is stepping onto the world stage with the LA Olympics partnership, and its momentum is hard to ignore. The company’s rapid growth, deepening AI investments, and strong vote of confidence from Wall Street all point to a business that’s just getting started. While there’s always some risk with high-growth tech stocks, Snowflake’s fundamentals and strategic moves make it a standout contender. For investors looking to bet on the future of data and AI, SNOW’s Olympic moment might just be the golden opportunity worth seizing.