Stock Data
$7.39 (2.32%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Snowflake Inc. is a global provider of a cloud-based data platform that revolutionizes how organizations handle data. Based in Bozeman, Montana, and founded in 2012, Snowflake's Data Cloud empowers users to unify their data into a single source, enabling powerful insights, the creation of data-driven applications, and the ability to share data seamlessly. Originally known as Snowflake Computing, Inc., the company rebranded in 2019 to better reflect its broadened vision.
Snowflake is up 6.76%, one of the biggest software moves of the session as buyers crowd back into AI data plays before Palantir's earnings report. Software sentiment is turning fast, and this is where it is showing up first.
Nine market leaders hit 52-week highs this week, from Snowflake up 6.4% above its prior peak to Cloudflare edging out gains. Breadth across tech, consumer staples, and auto signals conviction above the tape.
Cramer aligns with Josh Brown's bullish take on the cloud data platform's current valuation.
I really agree with @Downtown that Snowflake is a terrific buy here...
Snowflake hits $282.90, nearly matching its June peak as the cloud data platform rebounds from a brutal mid-year plunge that cut the stock nearly in half.
Enterprise software stocks surged as Snowflake and Workday led gainers, while fintech and consumer tech names collapsed on earnings misses and guidance cuts.
After 18 months of swings from double-digit losses to 62% gains, Snowflake's AI bet finally broke through the 50% mark, delivering the kind of persistence that separates portfolio winners from washouts.
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