Snowflake Inc‘s (NYSE:SNOW) earnings call may have marked one of the clearest signs yet that AI is starting to move from experimentation into real enterprise monetization.

The company's shares surged more than 35% premarket after management directly tied accelerating growth to adoption of its AI products, particularly Cortex Code, or "Cocoa," its AI-powered coding and workflow platform.

More importantly, Snowflake no longer appears to be framing AI as merely a future opportunity.

It says AI is actively driving the business right now.

"AI is accelerating consumption in our core platform," CEO Sridhar Ramaswamy said during the company's earnings call.

That statement matters because investors have spent the last year debating whether AI would actually increase spending on enterprise software platforms, or simply commoditize them.

Snowflake is arguing the opposite is happening.

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