Shares of Snowflake saw their largest percentage increase on record after the cloud data storage company posted better-than-expected product revenues and forged a new generative artificial-intelligence partnership.

Software stocks were outperforming semiconductor stocks after Snowflake and Nvidia reported earnings, highlighting what could be a trend in the months to come, according to one Mizuho analyst. “The combo of SNOW material beat and raise,

Snowflake now expects product revenue of about $3.43 billion for fiscal 2025, up from its prior forecast of $3.36 billion. Separately, the company announced an acquisition and a new artificial intelligence (AI)-powered partnership. Snowflake said it ...

Snowflake shares jumped 20% in extended trading Wednesday after the data analytics software maker reported better-than-expected earnings and boosted its revenue outlook. Monitor these key chart levels.