A 10.09% slide to $306.71 wipes roughly $12 billion off a $108 billion data cloud name in a single session. Double-digit down days are rare here, and the $341.13 open is now the level to reclaim.
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A 9.88% slide to $307.42 takes roughly $12 billion off a $109 billion market cap in a single session, one of the sharpest single-day drops this name has posted. Whether the $341 open gets reclaimed is the level to watch.
Snowflake set a fresh 52-week high at $368.89, more than double the $141 low this name traded at in April. A $130 billion market cap is now priced at the top of its one-year range.
Mad Money w/ Jim Cramer 9/15/26
- Jensen Huang pegs each gigawatt of Nvidia AI factory buildout at roughly $50 billion to $60 billion
- Huang rejects the AI slowdown case, saying safety is an engineering problem, not a reason to pause
- Cramer broadcasts from Dreamforce with Salesforce's Marc Benioff and OpenAI CFO Sarah Friar on deck
Huang is putting a price tag on the buildout: $50 billion to $60 billion per gigawatt, with thousands of companies building. It answers the slow-down-AI camp on a day stocks sold off on surging oil and bond yields.
- DELLDell Technologies$524.14+6.0%
- SNOWSnowflake$337.18+5.7%
- BOXBox$35.19+3.5%
- PFEPfizer$28.45+1.6%
- CVXChevron$208.6+1.2%
Five stocks cleared 52-week highs this week: Dell topped its prior peak by 6% at $524.14, with Snowflake close behind at 5.7%. Box, Pfizer and Chevron rounded out the list with narrower breakouts.
A $10,000 stake held three years in the data-platform market is now $120,007 in Palantir and $22,366 in Snowflake. Owning the wrong one of the pair cost roughly $98,000.
Snowflake closed 17.43% higher, the biggest single-day move in a 111-stock priority universe. Only three other names in that group gained more than 9%.
The 4% selloff into this report just got answered: management raised full-year product revenue guidance to $6.07 billion from $5.84 billion, with AI consumption driving a third straight quarter of accelerating growth. Non-GAAP operating margin widened to 15.3% from 11% a year ago.
Down 4% to $306.98 hours before Snowflake reports earnings, so sellers are clearing out ahead of the numbers rather than after them. The reaction gap tonight starts from a lower base.
Snowflake reports at 4:05 PM ET, and product revenue growth plus the updated guidance are the cleanest read yet on whether enterprises are still writing bigger checks for AI data workloads. A $110.8 billion valuation leaves little room for a soft outlook.
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