Investors pulled $700 million from the iShares Expanded Tech-Software Sector ETF (IGV) just hours before Snowflake reported a strong quarter with 37% product revenue growth and an increased full-year forecast, driven partly by AI. Despite Snowflake's gains lifting IGV briefly, the ETF remains down for the year amid ongoing concerns about AI's impact on traditional software licensing models. IGV offers diversified exposure to software but faces challenges from mixed sector performance and concentration in a few large holdings. It remains a cautious choice for investors seeking passive software exposure while the AI disruption debate continues.
Ford plans to sell over 100,000 units of its new Fathom electric truck in its first production year, priced around $30,000. The Fathom features Apple Maps integration and Ford's hands-free BlueCruise system, with more passenger space than the Toyota ...
Snowflake's stock surged 23% following a fiscal Q2 report that beat revenue and earnings expectations, with revenue up 35% year-over-year to $1.55 billion and adjusted earnings of 62 cents per share. The company raised its full-year product revenue f...
Snowflake reported Q2 FY27 revenue of $1.55 billion, up 35% year-over-year, driven by accelerating AI product adoption. Despite beating earnings estimates with a non-GAAP EPS of $0.62, management revealed a trimmed product gross margin guidance of 74...
Snowflake Inc reported adjusted earnings per share of 62 cents, surpassing the 45 cents expected by analysts, with quarterly revenue of $1.55 billion beating estimates. The company's net loss narrowed significantly to $191.7 million from $297.9 milli...
Snowflake reported strong Q2 2026 results with earnings per share of $0.62, beating estimates of $0.45, and revenue of $1.55 billion, surpassing the expected $1.48 billion. The company achieved a 35% year-over-year revenue increase, driven by its rol...
