Snowflake surges more than 22% after AI-driven earnings beat

Snowflake $SNOW surged more than 22% after reporting stronger-than-expected earnings, with AI-related demand emerging as a key growth driver.
The sharp move reflects improving investor confidence that rising enterprise AI workloads are translating into stronger consumption across Snowflake's cloud data platform.
Sustained AI-driven demand could support further revenue acceleration, although the size of the post-earnings move raises the risk of elevated short-term volatility.