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SNOW News30 articles
Cathie Wood's ARK Invests $52M in Snowflake, Betting on AI Cloud Growth
ARK Investment Management bought $52 million in Snowflake shares following a 33% surge driven by raised guidance and a $6 billion AWS deal, signaling a bet on AI software revenue.
ServiceNow Slides as AI Software Rally Faces Fresh Doubts
ServiceNow shares dropped nearly 6% as software stocks broadly declined, challenging the sector's AI-fueled rebound. Despite strong Q1 earnings and bullish analyst calls, concerns over valuation and deal delays persist.
Palantir Extends Rally on AI Momentum, Dell and Snowflake Results
Palantir Technologies shares climbed 3.6% in premarket Monday, adding to a 17% gain over two sessions, as AI-driven results from Dell and Snowflake fuel investor optimism.
Salesforce Shares Surge After Mixed Earnings; Focus Shifts to AI Monetization at Conferences
Salesforce stock surged 8.5% Friday after a mixed earnings report, with Q1 beats offset by soft Q2 revenue guidance. Agentforce ARR grew 205% to $1.2 billion, but bookings and cRPO missed estimates. The market now looks to upcoming tech conferences for clarity on AI monetization.
Amazon's June Prime Day and AI Spending Test $3 Trillion Market Cap
Amazon shares ended Friday lower but rose 1.6% for the week, as investors weigh an earlier Prime Day in June against surging AI spending.
Palantir Surges 9.2% as AI Optimism and Dell Deal Fuel Rally
Palantir Technologies surged 9.2% to $156.54, its best session in a year, lifting market cap near $402 billion. AI spending optimism and a Dell deal fueled the rally.
VIX Hits Four-Month Low as Wall Street Rally Continues
The VIX closed at 15.32 on Friday, its lowest in over four months, as U.S. stocks hit new records and demand for short-term options protection fell.
Workday Shares Surge 12% as AI Concerns Ease, Earnings Beat
Workday shares surged 12.45% to $146.19 after beating Q1 earnings and raising margin guidance, as AI fears recede. DevCon next week.
Atlassian Soars 26% in Holiday-Shortened Week on Cloud Strength
Atlassian shares surged 26% in a holiday-shortened week after strong quarterly results, with cloud revenue rising 29% and ARR surpassing $1 billion. The rally was part of a broader software rebound led by Snowflake and Dell.
Palantir Surges 9% as AI Software Rally Gains Momentum
Palantir shares surged 9.2% to $156.54, marking their strongest two-day rally since April 2025, fueled by strong AI-driven results from Dell and Snowflake.
Amazon Slips Despite $6 Billion AWS Deal with Snowflake; S&P 500 Hits New High
Amazon shares dropped 1.2% to $270.64 even as the S&P 500 reached a new high. A $6 billion AWS deal with Snowflake sent Snowflake shares up 33%, but Amazon's heavy AI spending dragged on free cash flow.
Zeta Global Soars 13% on AI Optimism and Options Surge
Zeta Global shares surged 13.43% Friday amid heavy call-option activity and a loyalty-data study. Q1 revenue grew 50% to $396 million, and the company lifted its 2026 revenue forecast.
Microsoft Rallies on $9.7B Pentagon Deal and AI Model Unveiling
Microsoft shares climbed over 5% to $450.24 on a $9.7B Pentagon deal and upcoming AI model launches, pushing its market value near $3.35 trillion.
Atlassian Stock Soars 15% on Renewed Software Sector Confidence
Atlassian shares jumped 15.6% to $107.85 Friday, with nearly 9.6 million shares traded, as investors shifted focus from AI disruption fears to strong peer results.
CrowdStrike Rides AI Wave to New Heights Ahead of Earnings
CrowdStrike shares climbed 6.5% as AI-driven cybersecurity demand lifts sector. Earnings report due June 3.
SoundHound AI Shares Rise Despite $300M Stock Sale Announcement
SoundHound AI shares rose 4.3% to $8.93 after announcing a $300 million stock sale program, despite a Q1 net loss of $25 million and revenue of $44.2 million.
Palantir Surges on Defense AI Buzz, Valuation Concerns Loom
Palantir shares jumped over 8% in premarket Friday on defense AI optimism, but a lofty price-to-earnings ratio of 161x raises caution despite strong Q1 results.
Oracle Stock Surges on Cloud Growth, AI Demand Fuels Rebound
Oracle shares surged 6.6% Thursday, rebounding on strong cloud revenue and AI demand, despite heavy capital spending and negative free cash flow.
Wall Street Hits Records; Dell's AI Revenue Surge Sparks After-Hours Rally
The S&P 500, Nasdaq, and Dow all closed at record highs Thursday. Dell surged 39% after hours on boosted AI-server revenue outlook, while PCE inflation hit 3.8% and GDP growth was revised lower.
Amazon Nears $3 Trillion as Snowflake Pacts $6 Billion for AWS AI
Amazon shares rose 0.8% after Snowflake announced a $6 billion, five-year AWS commitment, highlighting surging AI cloud demand.
Alphabet's Cloud AI Deals with EQT and Workday Boost Stock
Alphabet shares edged up after Google Cloud signed AI deals with EQT and Workday, as the company's cloud segment drives growth. Q1 revenue rose 22% to $109.9B.
ServiceNow Shares Surge on Renewed AI Optimism in Enterprise Software
ServiceNow shares jumped 7% as AI-focused enterprise software stocks rallied, fueled by Snowflake's $6 billion AWS deal. Q1 subscription revenue rose 22%, but questions linger about AI's long-term impact.
S&P 500 and Nasdaq Rise as Dow Slips on Inflation Data and Ceasefire Hopes
The Dow slipped 0.08% Thursday, lagging the S&P 500 and Nasdaq, which rose on U.S.-Iran ceasefire hopes. Core PCE inflation hit 3.3%, and GDP growth was revised down to 1.6%.
Wall Street Mixed as Tech, Healthcare Lift S&P 500 and Nasdaq to Fresh Records
The S&P 500 and Nasdaq extended their record runs, driven by tech and healthcare stocks, as reports of a potential U.S.-Iran ceasefire lifted sentiment. The Dow edged lower, and inflation data remained elevated.
Palantir Shares Surge 5.7% as AI Optimism Returns, but Valuation Concerns Linger
Palantir shares jumped 5.7% to $140.10 as investors returned to AI stocks, but analysts caution the lofty price demands flawless execution.
Snowflake Stock Surges on $6B AWS Deal, Raised Outlook
Snowflake shares surged over 33% following a $6 billion AWS deal and an upbeat fiscal 2027 revenue forecast, prompting at least 30 analysts to raise price targets.
AI Optimism Offsets Inflation Concerns; S&P 500 Edges Higher
S&P 500 and Nasdaq rose Thursday as AI-related earnings boosted sentiment, offsetting higher inflation and geopolitical risks. The Dow slipped.
Wall Street Ends at Records, After-Hours Signals Mixed
The Dow, S&P 500, and Nasdaq finished at record highs Wednesday, but after-hours trading showed mixed signals with Snowflake surging and Salesforce falling. Oil prices rebounded on U.S.-Iran tensions.
Snowflake Stock Surges 29% on $6 Billion AWS Deal and Raised Outlook
Snowflake raised its fiscal 2027 product revenue outlook to $5.84 billion and signed a $6 billion, five-year AWS deal focused on AI and Graviton chips, sending shares up 29% after hours.
Snowflake's AI Strategy Under Wall Street Scrutiny Ahead of Q1 Results
Snowflake reports fiscal Q1 results May 27 with Wall Street expecting $1.32B revenue and 32 cents EPS. Analysts are mostly positive but cautious on AI costs and competition.