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Who said momentum finally stalled? The Nasdaq was rallying 0.9% shortly after 2 p.m. ET while the S&P 500 was up 0.6%. The Dow was down 13 points, or pretty much flat. All three marked closing highs on Wednesday, but the S&P and Nasdaq were weighed down by a bit of a momentum reversal, where Wall Street sold recent winners and bought laggards.
Snowflake just jumped on earnings. It could bode well for the broader software sector.
SNOW tops fiscal first-quarter estimates with 33% revenue growth and raises full-year product revenue guidance. The stock gained nearly 35% in pre-market trading.
Investing.com -- A massive rally swept across the software sector on Thursday, significantly easing recent investor anxieties over AI-related disruptions to enterprise technology companies. This sweeping wave of positive sentiment rippled through major industry benchmarks, helping reverse a prolonged, fear-driven selloff that had plagued the sector throughout 2026. The primary catalyst for the broader market reversal was Snowflake Inc.’s blockbuster quarterly results, which served as concrete ev
Snowflake (SNOW) reported strong fiscal Q1 results and raised its fiscal 2027 guidance, driven by an
Snowflake stock jumped about 40% after a Q1 earnings beat and a $6 billion AWS deal cemented its AI infrastructure role.
At $177.49, Snowflake (NYSE:SNOW) sits in a wait-and-see zone for investors. The data cloud leader delivered its strongest quarter ever, yet shares remain well below late-2025 highs, leaving investors to decide whether the AI narrative justifies the premium valuation. Snowflake operates a consumption-based cloud data platform across AWS, Azure, and Google Cloud, positioning itself as ... Can Snowflake’s Premium Valuation Survive a Shifting Cloud Landscape?
Snowflake (SNOW) stock is skyrocketing after the company reported quarterly earnings that beat analysts' estimates. Salesforce's (CRM) earnings also beat Wall Street's estimates, though its second quarter revenue outlook fell short. Guggenheim Securities senior research analyst and senior managing director of software, John DiFucci, joins Yahoo Finance to explain why Snowflake is surging and why Salesforce is falling flat.
Snowflake (SNOW) stock is skyrocketing after the company reported quarterly earnings that beat analysts' estimates. Salesforce's (CRM) earnings also beat Wall Street's estimates, though its second quarter revenue outlook fell short. Guggenheim Securities senior research analyst and senior managing director of software, John DiFucci, joins Yahoo Finance to explain why Snowflake is surging and why Salesforce is falling flat.
The Nasdaq and S&P 500 were gaining steam as the morning rolled on Thursday. Software stocks were a big reason why. The Nasdaq was up 0.5%, while the S&P 500 was up 0.4%. The Dow was down 20 points, or essentially flat.
After a brutal stretch for the stock, the data cloud company delivered the kind of quarter that reignites a growth story.
Snowflake (SNOW) stock is soaring by over 30% on Thursday after the company reported AI demand to have driven better-than-expected first quarter results alongside revenue growth of 33%. PNC Asset Management Group CIO Amanda Agati and Yahoo Finance Senior Business Reporters Brooke DiPalma and Ines Ferré take a closer look at the post-earnings stock reactions from Snowflake and fellow software company Salesforce (CRM).
Snowflake shares soared nearly 40% Thursday, bringing the stock back into positive territory for the year, after a flurry of AI-related developments.
Snowflake (NYSE:SNOW) just delivered what CEO Sridhar Ramaswamy called “a milestone quarter,” with product revenue of $1.33 billion, up 34% year-over-year. The stock? Down 20.1% year to date. That gap between business momentum and share price makes this name interesting heading into 2030. Can Snowflake shares reach $600 by 2030, more than triple today’s price? ... 20+ Analysts Back Snowflake and Here’s Why We Agree
Remember the ‘SaaSpocalyse,’ the period on Wall Street this year when traders panicked that AI would displace software companies? The move follows strong earnings results from Snowflake yesterday, during which the company issued better-than-expected annual guidance and said it is seeing increasing demand for its artificial intelligence tools. It's an example of how some software companies are adapting to the AI revolution.
Snowflake (NYSE:SNOW) and Amazon Web Services have signed a multi year, $6b collaboration to expand AI products and infrastructure across global enterprises. The agreement focuses on deeper technical integration for agentic and generative AI, go to market coordination, and wider cloud infrastructure deployment. The deal was announced alongside Snowflake’s Q1 update, where the company also raised its full year outlook. For investors watching NYSE:SNOW, this AI focused AWS deal is a clear...
Shares of Snowflake (NYSE:SNOW) are rocketing higher on Thursday morning, with the stock up 35% to around $240 after the company posted a blowout Q1 FY2027 report and unveiled a $6 billion multiyear deal with Amazon‘s (NASDAQ:AMZN) AWS (Amazon Web Services). SNOW stock closed at $175.26 on Wednesday. The move would mark one of the ... Snowflake Explodes 37% on $6 Billion Amazon Deal as CEO Calls Q1 an AI “Inflection Point”
Snowflake raised guidance and announced a new $6 billion AWS agreement.
Snowflake’s watershed first-quarter earnings resulted in a slew of price target upgrades.
Investing.com - U.S. stock futures pointed lower on Thursday, as a fresh exchange of strikes in Gulf dented hopes for a U.S.-Iran peace deal and investors geared up for key inflation data closely watched by the Federal Reserve.
The market reaction to Salesforce (CRM) centers on a mild deceleration in top-line metrics. Current remaining performance obligation (cRPO) growth cooled to 14% year-over-year from 16% in the prior quarter, while second-quarter revenue guidance of $11.27 billion to $11.35 billion fell slightly below expectations. However, focusing solely on this top-line friction misses the structural transformation taking place within the company's business model.
The cloud data company reported $1.39 billion in first-quarter revenue, up 33% year over year, and lifted its full-year product revenue guidance to $5.84 billion
Astrotech (ASTC) shares were up more than 53% premarket Thursday, continuing from a 459% rise in the