SNOW

In the past six months (March 2026 to September 2026), Snowflake's stock has been impacted by several events. On September 2, 2026, the company reported strong financial results for its second quarter of fiscal year 2027, surpassing Wall Street estimates and raising its full-year product revenue forecast, driven by robust demand for its cloud data platform and AI offerings, leading to a surge of over 20% in its shares. Product revenue increased by 37% year-over-year to $1.49 billion, with overall revenue reaching $1.55 billion and adjusted EPS at $0.62. The company subsequently raised its full-year product revenue guidance to $6.07 billion from $5.84 billion, attributing approximately half of the acceleration to its AI products. Despite positive earnings, shares experienced a modest pullback due to broader market pressures, including rising 10-year Treasury yields, oil price spikes, and renewed concerns about AI disruption following OpenAI's GPT-6 Astra launch. High-profile investor Michael Burry publicly stated that Snowflake was overvalued, and insider selling by directors and executives occurred in September 2026. In July 2026, Snowflake introduced Snowflake Intelligence, an enterprise AI assistant. In the quarter ending April 30, 2026, Snowflake signed a five-year, $6 billion deal with Amazon Web Services to utilize AWS's Graviton processors and AI infrastructure. Overall, the stock has seen a significant increase of 44.23% from September 19, 2025, to September 18, 2026.