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I am stockholder in snowflake and iceberg's ascendance seems to coincide with snow's downfall.

Is the query engine value add justify snowflake's valuation. Their data marketplace thing didn't seem to have actually worked.

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I’m doing datalake modernization for medium-large enterprise and spent last months in sales calls of MS Fabric vs Snowflake vs Databricks. All fun, but now with the managed Iceberg in AWS (S3 tables) I tend to consider to choose none of them: just plain Iceberg is good enough. Of course someone needs to write and read it; but there are so many good free options already, even build does not feel scary. So I would go to the short side in Snowflake in medium-long term (looking their current value prop at least). Databricks has maybe more future as it has ML/AI-first approach. In short term we might still start with SF (with its Iceberg features), as the alternative future stack needs to mature and establish a bit.

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