Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Track the AI revenue streams driving growth for early leaders like Nvidia and Microsoft -- and tomorrow's long-term AI winners.
After the bell on Wednesday, Snowflake Inc (NYSE: SNOW) missed first quarter profit expectations while revenue surpassed estimates thanks to strong AI product demand. However, to Wall Street’s delight, the cloud storage provided guided for second-quarter product revenue above Wall Street estimates and raised its expectations for the year, riding the AI hype wave. Fiscal First Quarter Highlights For the quarter that ended on April 30th, Snowflake reported that revenue grew 33% YoY to $828.7 milli