Snowflake Shares Jump 35% as AI Product Adoption Grows
Snowflake raised revenue guidance after stronger AI product adoption, sending its shares sharply higher.
Excerpt
<p>Shares of Snowflake rose more than 30% late Wednesday after the database provider surpassed its earlier forecast for product revenue—its most closely watched sales metric—by around $125 million for the first quarter ending April 30. The company raised its full-year product revenue target by $180 ...</p>
Read at source: https://www.theinformation.com/briefings/snowflake-shares-jump-33-ai-product-adoption-grows