Reported about 6 hours ago
Snowflake Inc. has announced a positive revenue outlook for the coming fiscal year, predicting a 24% increase in product revenue to $4.28 billion, buoyed by the adoption of new AI offerings. This comes as the company enhances its platform to facilitate the use of AI and large language models. Following the announcement, Snowflake's shares rose by approximately 9%, reflecting growing investor confidence in the company's strategy.
Source: YAHOO