{"id":604216,"date":"2026-09-03T02:28:11","date_gmt":"2026-09-03T02:28:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/604216\/"},"modified":"2026-09-03T02:28:11","modified_gmt":"2026-09-03T02:28:11","slug":"snowflake-stock-soars-as-surging-ai-demand-boosts-earnings","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/604216\/","title":{"rendered":"Snowflake Stock Soars as Surging AI Demand Boosts Earnings"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/0d02362b32bd80d9b07f62378320036b9075d17a972b9a802ee2f42a0a8e3e8b\/lightyear_networkapi\/resizefit_w960%3Bquality_80%3Bformat_webp\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Finvestopedia_245%2F055b003e101da334447ddaf4be6eaf84.jpg\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Snowflake shares were up close to 40% for the year through Wednesday's closeCredit: INA FASSBENDER \/ AFP \/ Getty Images\" height=\"640\" width=\"960\" class=\"yf-1f8hkhu loader\"\/><\/a> Snowflake shares were up close to 40% for the year through Wednesday&#8217;s close<br \/>Credit: INA FASSBENDER \/ AFP \/ Getty Images           Key Takeaways            <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Snowflake shares jumped after the company reported better-than-expected earnings on strong AI demand.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The AI data cloud company also raised its full-year outlook.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Snowflake stock is surging on signs that enterprise AI demand is driving big gains for its business.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Shares of Snowflake (SNOW) were up more than 20% in extended trading Wednesday after the AI data cloud company posted quarterly results that topped analysts&#8217; estimates and raised its outlook.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The company reported adjusted earnings per share of $0.62 for its fiscal 2027 second quarter, on a 35% year-over-year rise in revenue to $1.55 billion. Those numbers were well above the adjusted EPS of $0.45 on revenue of $1.48 billion that analysts surveyed by Visible Alpha expected.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">CFO Brian Robins said in a release that Snowflake saw a &#8220;meaningful step-up in AI revenue.&#8221; The company said it netted 692 new clients in the quarter, including 14 Forbes Global 2000 businesses.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">&#8220;AI continues to compound our advantages, creating a flywheel effect across the business,&#8221; CEO Sridhar Ramaswamy said.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Snowflake projected current-quarter product revenue of between $1.588 billion and $1.593 billion, which would represent up to 38% growth. It lifted its full-year product revenue forecast to $6.07 billion from $5.84 billion previously.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Snowflake shares were up nearly 40% for the year through Wednesday&#8217;s close.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">CORRECTION: An earlier version of this article incorrectly stated that the big gains in after-hours trading put Snowflake stock on track to hit a record high.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Read the original article on <a href=\"https:\/\/www.investopedia.com\/snowflake-stock-soars-as-surging-ai-demand-boosts-earnings-snow-12080303\" data-ylk=\"slk:Investopedia;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;Investopedia&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Investopedia<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"Snowflake shares were up close to 40% for the year through Wednesday&#8217;s closeCredit: INA FASSBENDER \/ AFP \/&hellip;\n","protected":false},"author":2,"featured_media":604217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,273101,85,46,74339,125],"class_list":["post-604216","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-close-to-40","tag-il","tag-israel","tag-snowflake","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/604216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=604216"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/604216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/604217"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=604216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=604216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=604216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}