Shares of cloud data platform provider Snowflake (NYSE:SNOW) jumped 3.2% in the after-market session after Bank of America lifted its rating on the company to 'Buy' from 'Neutral'. Analyst Bradley Sills of Bank of America Securities raised the rating, citing growing optimism ahead of Snowflake's second-quarter earnings report scheduled for August 27. The price target for the stock was also increased to $240 from $220. Sills highlighted that the cloud data company is experiencing strong momentum in three key areas: its core data warehouse business, as well as its emerging Cortex AI and Snowpark developer platforms. The analyst expressed strong conviction in the durability of Snowflake's AI-driven momentum and its ability to sustain growth.
A number of stocks fell in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week.
Snowflake rival Databricks is finalizing a new funding round that would value the software maker at $100 billion, up over 60% from its last round in December.
Recent economic data, particularly a hotter-than-anticipated Producer Price Index (PPI) report, has cast a significant shadow over the previously strong market expectations for a Federal Reserve interest rate cut in September. This unexpected surge in producer inflation has introduced a fresh wave of uncertainty into financial markets, forcing investors and
Cloud-based data platform Snowflake (NYSE: SNOW) is trending on Monday as its AI-focused data cloud tools gain traction, backed by the $250 billion investment in AI infrastructure planned by Meta Platforms, Microsoft, and Alphabet Google.
Snowflake Inc. (NYSE: SNOW), a leading cloud data warehousing company, is scheduled to report its next quarterly earnings on Wednesday, August 27, 2025. This upcoming report will cover the fiscal quarter ending July 2025 and is a pivotal event for investors and analysts, offering insights into the company's financial health,
The highly anticipated release of OpenAI's GPT-5 is poised to ignite a new, more intense phase in the global artificial intelligence arms race. This latest iteration of the groundbreaking large language model (LLM) is not merely an incremental upgrade; it represents a strategic pivot by OpenAI that promises to fundamentally
A number of stocks fell in the afternoon session after the White House announced a new round of steep global tariffs, sparking concerns of a trade war and its impact on the U.S. and global economies. This move creates significant uncertainty for businesses and investors. The new tariffs, with rates of up to 41% on imports from 68 countries and the European Union, prompted a broad market sell-off, with the tech-heavy Nasdaq index showing notable weakness. Adding to the bearish sentiment was a weaker-than-expected July jobs report, which revealed that employers created only 73,000 jobs, far below economists' expectations. This combination of trade fears and signs of a slowing labor market has created a "risk-off" environment, leading investors to pull back from growth-oriented sectors like software and technology.
Expensive stocks typically earn their valuations through superior growth rates that other companies simply can’t match.
The flip side though is that these lofty expectations make them particularly susceptible to drawdowns when market sentiment shifts.
Microsoft (NASDAQ: MSFT) shares have experienced a significant jump following its recent fiscal third-quarter earnings report, which not only surpassed Wall Street expectations but also underscored the company's formidable strength in the burgeoning fields of artificial intelligence (AI) and cloud computing. This impressive financial performance signals a robust demand for
