Every day there will be 100 people going long and 100 people going short. So understanding one's track record and the reasoning behind the analysis becomes very important. FundaAI has always been working to improve accuracy by doing a lot of research. And FundaAI's track record on Snowflake is:

-We are very bullish in 1Q26, and we think Cortex Code is taking in the spillover demand from Claude Code. Because Cortex Code hosts the Anthropic model by itself, it is faster than Claude Code. This is the fastest-growing new product in Snowflake's history.

-We were bullish in 4Q25, because the Gen2 optimization was close to finishing, and Snowpark Connect also turned from a negative impact to a positive one.

-We were bearish in 3Q25, because we saw that Gen2 optimization and Snowpark Connect were both having a negative impact on Snowflake at the same time, and Frontier Labs were optimizing their Snowflake budget

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We have been bullish on Snowflake since 3Q24, and we believed that the new CEO was making the right and aggressive organizational changes to Snowflake.