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Home›US Markets›Equities›Snowflake shares jump after AI forecast beats expectat…

Snowflake shares jump after AI forecast beats expectations

MarketWatch says AI-driven demand for Snowflake’s data platform is underpinning strong revenue growth.

Reported · Written up by our desk · Equities

Snowflake’s stock rose sharply after the company delivered an AI-fueled forecast that exceeded expectations, MarketWatch reports.

The outlet attributes the strength to growing interest from businesses that want to build AI tools on top of Snowflake’s data platform.

MarketWatch also links the outlook to robust revenue growth tied to that demand, as companies continue turning to Snowflake for AI-related workloads.

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Sources

MarketWatchSnowflake’s stock soars as the company blows away estimates with its AI-fueled forecast
MarketWatchSnowflake’s stock soars as the company blows away estimates with its AI-fueled forecast

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