- Benzinga
Snowflake Provides A Sigh Of Relief But Only Thanks To Strong AI Product Demand
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
- Investor's Business Daily
Snowflake Delivers Strong Sales Forecast But Wall Street Watching AI Costs
Snowflake stock jumped on its Q1 report but gave up its gains. Earnings were below views, but sales and outlook beat.
- Motley Fool
Why Snowflake Stock Is Falling Today
Despite an AI-driven boom for tech stocks, Snowflake's share price is down 14% over the last year.
