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26.02.26 - 20:24
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Snowflake Earnings Ease AI Fears (Bloomberg)
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Snowflake CEO Sridhar Ramaswamy called the current AI-driven moment 'magical.' Snowflake projected product revenue for the current quarter of around $1.26 billion. Ramaswamy discusses the company's results with Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...
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26.02.26 - 15:30
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Futures Flat Despite Blowout Nvidia Earnings (ZeroHedge)
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Futures Flat Despite Blowout Nvidia Earnings
US equity futures managed to erase overnight losses and were trading flat after Nvidia and Salesforce failed to assuage fears about an overheated AI economy while traders awaited color from today's round of US / Iran talks. As of 8:00am S&P futures were unchanged and nasdaq futures were down 0.1%, with NVDA up 1% premarket but well off overnight highs after its earnings report and guidance smashed expectations while CEO Jensen Huang talked about “exponentially” growing computing demand and “skyrocketing” adoption of AI agents. It wasn't enough, especially as software companies Salesforce and Snowflake both provided lukewarm sales guidance to an already-nervous market. “Aside from fireworks, champagne and dancing robots, we are not quite sure what more Nvidia could have done on the 4Q call to get the market re-excited,” said Jim Fontanelli, co-founder of Arete Research. Discretionary, Financials, and Industrials are outperformin...
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25.02.26 - 23:54
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Snowflake Q4 Revenue Jumps, But Loss Narrows (AFX)
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WASHINGTON (dpa-AFX) - Snowflake Inc. (SNOW) on Wednesday reported strong revenue growth in its fiscal fourth quarter, while narrowing its net loss compared with a year earlier.For the three month......
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04.12.25 - 19:48
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Are Snowflake’s Earnings the Latest Sign of the Coming AI Winter? (24/7 Wall St.)
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Snowflake (NYSE:SNOW) released its third-quarter earnings yesterday, posting results that topped Wall Street estimates. Product revenue climbed 28% year-over-year to $1.21 billion, while adjusted earnings hit $0.35 per share, beating the consensus estimate of $0.31. Yet, the stock plunged 11% in midday trading today as investors fixated on the company's fourth-quarter guidance. Projected product revenue of ... Are Snowflake's Earnings the Latest Sign of the Coming AI Winter?
The post Are Snowflake's Earnings the Latest Sign of the Coming AI Winter? appeared first on 24/7 Wall St.....
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