US stock futures fell following US strikes on Iranian drone sites near the Strait of Hormuz, heightening Middle East tensions. Major indices showed slight declines, with the Russell 2000 small-cap index down. Earnings reports drew attention: Snowflake surged after beating revenue estimates, Salesforce dropped on soft guidance despite strong earnings, and Costco edged up ahead of its earnings release. Analysts remain cautiously optimistic about the US market, noting strong economic growth but a restrictive monetary policy outlook. Investors also watch upcoming economic data and global market movements amid geopolitical concerns.
Snowflake reported a strong Q1 with product revenue up 34% year-on-year to $1.334 billion, beating analyst expectations and its own guidance. The company’s operating margin expanded significantly, and earnings per share surpassed estimates by over 20...
Snowflake Inc reported a strong fiscal Q1 with product revenue up 34% year-on-year to $1.334 billion, surpassing analyst expectations. The company's non-GAAP operating margin expanded to 12%, and earnings per share beat estimates by over 20%. Growth ...
Snowflake's shares surged to record highs after the company reported fiscal Q1 earnings that exceeded expectations and raised its full-year forecast. The cloud software firm highlighted strong growth driven by accelerating AI adoption, with 46 custom...
Salesforce, Snowflake, Marvell, and HP are set to report earnings, providing a broad view of AI demand across enterprise software, data cloud, custom silicon, and PCs. Investors are watching for signs that AI-related products and services are driving...
Snowflake has agreed to spend $6 billion on Amazon Web Services over five years, expanding its use of AWS's custom Arm-based Graviton chips and AI-focused GPUs. This deal highlights AWS's growing role in AI infrastructure as Snowflake also reported s...
