Weekly|SNOW Data Flywheel & CoCo, Optics Scale-In, BE Delivery Debate, Enterprise AI Vol.2, CRDO/MDB/PANW

The software vs semi split that defined last week finally started to rebalance. Software that printed what the channel had been pointing to kept working through most of the week, while the semi tape spent the first half getting tagged by rates — the 10-year pushed to 4.8% on Tuesday, the highest since January 2025, after Warsh’s hawkish Jackson Hole tur…