Snowflake shares surge after raised annual product revenue forecast
Snowflake (SNOW) shares surged nearly 25% after the company raised its annual product revenue forecast, boosting sentiment that AI-related spending could drive software growth.
By Rashika SinghSnowflake NYSE:SNOW shares surged nearly 25% on Thursday after the company raised its annual product revenue forecast, strengthening investor confidence that AI-related spending could be a powerful driver of growth for software firms.The upbeat forecast buoyed software stocks across…