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Market Impact: 0.4
Snowflake Jumps on Revenue Outlook, Uptake of AI Assistant
Source: Bloomberg
Artificial IntelligenceCorporate EarningsCorporate Guidance & OutlookAnalyst EstimatesCompany Fundamentals
Snowflake shares rose in extended trading after it raised its outlook for annual sales and topped analysts’ estimates. Management highlighted rapid adoption of its AI-assisted coding tool, supporting improved visibility into revenue growth. The combination of a sales guidance raise and an earnings/estimate beat is likely to move the stock in the near term.
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