The total commitment to the partnership is $200 million over multiple years.

Snowflake’s stock traded at a session close of $265.00, then slipped after hours to about $242.39 amid earnings and news reactions.

Snowflake and Anthropic are expanding their multi-year partnership, with a $200 million commitment to bring Claude models to Snowflake’s platform for more than 12,600 customers across all major clouds, enabling enterprise-grade AI within governed environments.

Market perspectives point to potential short-term AI token moves and cross-asset strategies involving Snowflake stock and crypto, as investors gauge enterprise AI adoption.

Additional information and quickstart resources accompany the announcement, along with standard legal disclosures typical of corporate releases.

Snowflake reported $1.21 billion in revenue for the fiscal third quarter, up 29% year over year, with AI-related sales running at about a $100 million quarterly pace.

The collaboration focuses on deploying AI agents powered by Claude inside Snowflake to support multi-step reasoning, secure data handling, and production-ready AI for enterprise use.

Existing usage already processes trillions of Claude tokens monthly across thousands of Snowflake customers, powering Snowflake Intelligence to transform enterprise knowledge access and decision-making.

The release includes standard forward-looking statements and disclosures about risks, consistent with SEC requirements.

The expansion emphasizes deployment scale and breadth across Snowflake’s customer base, with the $200 million figure being the primary disclosed financial term.

Executives from Snowflake and Anthropic stress deep strategic alignment, co-innovation at the product level, and the aim of making frontier AI genuinely useful within enterprise data environments.

The agreement ties into broader AI adoption trends and links traditional tech equities with crypto markets, signaling diversified investment relevance tied to enterprise AI and data governance.