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Snowflake shares surge as AI demand powers growth, lifts outlook

Sept 3 (Reuters) - Snowflake's shares surged ⁠more than 24% before the bell on Thursday as investors cheered a ⁠stronger annual revenue forecast and signs that the company's AI products are ‌gaining traction.

The Star MalaysiaReuters查看原文 ↗
人工智能需求推动增长,Snowflake股价飙升,前景看好。

The company logo for Snowflake Inc. is displayed on a banner to celebrate the company's IPO at the New York Stock Exchange (NYSE) in New York, U.S., September 16, 2020. REUTERS/Brendan McDermid

Sept 3 (Reuters) - Snowflake's shares surged ⁠more than 24% before the bell on Thursday as investors cheered a ⁠stronger annual revenue forecast and signs that the company's AI products are ‌gaining traction.

The cloud data platform provider lifted its fiscal 2027 product revenue forecast on Wednesday to $6.07 billion from $5.84 billion and posted a 37% jump in second-quarter product revenue. Its AI offerings accounted for "approximately half ​of the acceleration" in growth, according to CEO Sridhar ⁠Ramaswamy.

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