
SNOW · NYSE
Snowflake sells cloud-based data and artificial-intelligence capabilities, with its platform used to store, process and analyze enterprise information. The company makes money primarily from usage of its platform and related cloud data services; the supplied evidence does not provide a segment-level revenue split or quantify the contribution of product versus services activities. Its customers are businesses using data and AI tools, and customer growth is cited as a factor supporting the stock. Snowflake reported fiscal 2026 revenue of $4.7 billion, up from $3.6 billion in fiscal 2025, while net loss remained $1.3 billion in both years.
Snowflake rose $46.41, or 17.17%, from $270.36 to $316.77 over the reported period. The advance built through successive gains on July 29 and 30, when shares reached $298.10, before giving back $4.82, or 1.62%, on July 31. Momentum resumed on August 3 and 4, with gains of $14.25 and $9.24 carrying the stock to its closing high. The supplied evidence does not identify a company-specific announcement during the move. Instead, investor attention centered on Snowflake’s AI push and customer growth, alongside bullish Wall Street views, while premium valuation, margin pressure, competition and insider stock disposals remained counterpoints. No broader market driver is quantified in the evidence.