Premarket movers: Snowflake, Five Below surge after strong earnings
Snowflake shares jumped more than 23% in premarket trading after the company posted second-quarter results that topped expectations and raised its full-year outlook. Adjusted earnings came in at 62 cents a share, beating estimates of 45 cents, while revenue rose 35% year-over-year to $1.55 billion.
Why it matters: Five Below shares rose about 4% after the retailer's fiscal second-quarter results beat expectations across the board, and it authorized a new $600 million buyback program.
Snowflake, Dell, Atlassian Hit 52-Week Highs on AI Demand Surge
Snowflake (SNOW), Dell Technologies (DELL) and Atlassian Corp. (TEAM) stocks each hit 52-week highs on Thursday as stronger AI demand, expanding backlogs and new pricing models fuel a broader re-rating of enterprise technology stocks, with Snowflake jumping 16%, Dell climbing over 4% and Atlassian gaining over 4%. Snowflake stock reached a four-year high of $384.56 after Q2 FY27 results showed stronger-than-expected product revenue and profit, with the company lifting its fiscal 2027 product-revenue outlook to $6.07 billion, while Goldman Sachs and Raymond James both raised their price targets citing stronger enterprise AI adoption.
Why it matters: Dell stock reached a record high of $530.78 after a powerful Q2 earnings report showing 58% revenue growth to $46.97 billion and 255% net income surge to $4.13 billion, with AI server orders totaling $60.9 billion during the quarter pushing the company's AI backlog to approximately $95 billion.
Pre-Market Movers: Snowflake, Moderna, Broadcom Among Stocks to Watch
Snowflake (SNOW), Moderna (MRNA), and Broadcom (AVGO) are among the stocks making notable moves in premarket trading according to CNBC. The report highlights these companies as experiencing significant early trading activity.
Why it matters: Full market impact details are pending further reporting.
Michael Burry Stays Bullish On VEEV, Calls SNOW 'Overvalued' — And Revisits 'Big Short' Thesis That Best Stocks Fall By Half First
Michael Burry remains bullish on Virtual Environments ETF (VEEV) and calls Southwest Airlines (SNOW) overvalued. He revisits his 'Big Short' thesis that the best stocks tend to fall by half first.
Why it matters: The article discusses his continued optimism around VEEV while expressing concerns about SNOW's valuation.
Dow, S&P 500, Nasdaq Futures Rise As Investors Look Past Iran Tensions, Focus On Earnings: AVGO, SNOW, DELL, HPE Stocks In Focus
Dow, S&P 500, and Nasdaq Futures rose as investors shifted focus from ongoing Iran tensions to upcoming earnings reports. Broadcom (AVGO) and Hewlett Packard Enterprise (HPE) saw shares decline after disappointing results, while Dell Technologies (DELL) surged following strong earnings and a $25 billion revenue outlook increase.
Why it matters: The market indices closed higher—Dow +0.11%, S&P 500 +0.07%, and Nasdaq +0.14%—as traders turned their attention to key earnings from these marquee companies.
Stocks making the biggest moves after hours: Snowflake, Broadcom, Netskope, Five Below & more
The CNBC article reports on the stocks making the biggest moves after hours, highlighting Snowflake, Broadcom, Netskope, and Five Below. The piece was published on Wednesday, September 2, 2026, at 4:51 PM EDT and updated at 6:15 PM EDT.
Why it matters: Key stocks discussed include Snowflake (SNOW), Broadcom (AVGO), Netskope (NETSK), and Five Below (FIVE).
Snowflake's AI-driven results lift shares and support software sector
Snowflake (SNOW) reported AI-powered quarterly results that sent its shares soaring. The strong performance buoyed broader software stocks, signaling positive sentiment for the sector.
Why it matters: Investors are watching the results as a catalyst for AI demand across enterprise software.
Snowflake stock surges on AI-driven Q2 revenue beat
Snowflake (SNOW) shares skyrocketed following a strong Q2 revenue jump fueled by AI demand, per Yahoo Finance. The rally highlights growing investor enthusiasm for AI-driven cloud data platform growth.
Why it matters: The existing note flags the item as RSS-imported, awaiting follow-up on broader market impact.
Snowflake signals FY 2027 product revenue of $6.07B with 14.5% non-GAAP operating margin guidance, driven by AI mix (NYSE:SNOW)
Snowflake has indicated FY 2027 product revenue guidance of $6.07B alongside a 14.5% non-GAAP operating margin outlook. Management attributes the trajectory to an increasing AI mix in the platform's workload.
Why it matters: The figures, reported by Seeking Alpha, frame Snowflake's longer-term revenue and profitability targets for investors.
Trader makes $159k profit on SNOW call options after earnings surge
A Reddit user reported earning $159,000 profit on Snowflake (SNOW) call options expiring September 4th. The trader bought the options yesterday and saw the stock surge following Snowflake's earnings report.
Why it matters: The post was shared on r/wallstreetbets, attributing the gain to luck rather than skill.
Snowflake stock surges on AI-driven forecast beat
Snowflake's shares rallied sharply after the company delivered an AI-fueled outlook that exceeded analyst estimates. The strong forecast underscored growing demand for Snowflake's data and AI offerings.
WSB Traders Question Buying Oracle After Snowflake Earnings
A Reddit user on WallStreetBets asked if others are buying Oracle (ORCL) based on Snowflake's (SNOW) earnings performance. The poster suggests Oracle may be bigger and better than Snowflake, though Oracle's higher expectations mean its earnings may not surge as dramatically, but a pop is a pop.
Nvidia, Tesla, Robinhood, Snowflake, Ultragenyx, Ciena, and More Stocks That Explain Today’s Market - Barron's
Nvidia, Tesla, Robinhood, Snowflake, Ultragenyx, Ciena, and More Stocks That Explain Today’s Market Barron's
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Snowflake soars 20% on earnings beat and raised guidance - Yahoo Finance
Snowflake soars 20% on earnings beat and raised guidance Yahoo Finance
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Snowflake Stock Soars as Surging AI Demand Boosts Earnings - Yahoo Finance
Snowflake Stock Soars as Surging AI Demand Boosts Earnings Yahoo Finance
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Snowflake Drops 4% Before Its Earnings Report, Datadog Falls 6%: Is the Software Selloff the Real Story? - Yahoo Finance
Snowflake Drops 4% Before Its Earnings Report, Datadog Falls 6%: Is the Software Selloff the Real Story? Yahoo Finance
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Snowflake demonstrates 'killer AI ability' with another quarter of acceleration: analysts - Seeking Alpha
Snowflake demonstrates 'killer AI ability' with another quarter of acceleration: analysts Seeking Alpha
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Snowflake Stock’s 46% AI Rally Faces an Earnings Test - Barron's
Snowflake Stock’s 46% AI Rally Faces an Earnings Test Barron's
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Options Gains of the Week! Special Thanks BMNR, SNOW, SPCX
Now all I've got to do is remember to not give it all back next week. gg all no re   submitted by   /u/oprah_2024 [link]   [comments]
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.
Should You Buy, Sell, or Hold SNOW Stock Before Q2 Earnings Release? - Zacks Investment Research
Should You Buy, Sell, or Hold SNOW Stock Before Q2 Earnings Release? Zacks Investment Research
Why it matters: RSS-imported item, awaiting editor or agent follow-up on market impact.