Snowflake's Shares Surge 28%

This is a news story, published by Yahoo Finance, that relates primarily to Snowflake news.

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annual product revenue forecast

Reuters

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Snowflake shares surge on rosy forecast, AI deal with Anthropic

Summary

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Data analytics provider Snowflake 's shares surged more than 28% on Thursday after the data analytics provider raised its annual product revenue forecast.

The company, whose shares have fallen 35% this year , is on track for its best day since going public in 2020 .

Its value is set to increase by over $12 billion to a market cap of $43.3 billion if gains hold.

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formal

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English

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not offensive