Snowflake (NYSE: SNOW) isn't having the best of years. The stock is down 11% in 2024, by far underperforming major indices. But it used to be much worse. Snowflake stock is actually up big in the last month after it reported blowout figures for its third quarter of fiscal year 2025 (ending Oct.

Shares of Snowflake saw their largest percentage increase on record after the cloud data storage company posted better-than-expected product revenues and forged a new generative artificial-intelligence partnership.

FQ3 earnings but remains overvalued based on limited AI revenue and decelerating growth. Click for this SNOW update.

Snowflake Inc.'s stock is rising 3% in premarket trading on Monday after Wedbush analyst Daniel Ives upgraded the AI software maker to outperform from neutral. “Now its time for the broader software space to get in on the AI Party as we believe the use cases are exploding,

Key Takeaways Wedbush upgraded Snowflake as the analysts predicted that the artificial intelligence software era is here.Wedbush said Snowflake was in the "sweet spot" to benefit from AI product demand.

Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its transformative impact on the software sector. The analyst projects a monumental shift driven by generative AI adoption,