Why Snowflake Stock Rocketed Higher Today
The cloud-based data storage and analysis specialist got a lift from artificial intelligence (AI), delivering accelerating growth and a classic "beat and raise."
Overview
Shares of Snowflake (NYSE: SNOW) charged out of the gate on Thursday, soaring as much as 25.6%. As of 11:21 a.m. ET, the stock was still up 21%.
The catalyst that sent the cloud-based storage company higher was a financial report that wowed investors.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.