Polaris

Summary * SNOW's adoption of Iceberg and Polaris Catalog mitigates revenue loss fears, positioning it as a leader in open data formats and governance. * Investor sentiment has shifted positively, driven by SNOW's strategic moves and Ramaswamy's leadership, despite initial concerns about his appointment. * SNOW's valuation remains attractive compared to peers like NOW, with potential for higher FCF margins and significant growth from new product launches. * Caution is advised due to potentia