Snowflake Stock Soars 34% on Earnings Beat and Major AWS Partnership
- Impressive Earnings: Snowflake reported adjusted earnings per share of $0.39, exceeding the market expectation of $0.32, with revenue climbing 33% year-over-year to $1.39 billion, indicating robust financial performance and strong market demand.
- Stock Surge: Despite a modest 1.2% decline to $175.47 during regular trading, the stock skyrocketed approximately 34% in after-hours trading, adding around $22 billion to its market valuation, reflecting strong investor confidence in the company's future.
- Strategic Partnership: The company unveiled a $6 billion long-term infrastructure agreement with Amazon Web Services, signaling accelerating enterprise demand for AI and data workloads, further solidifying Snowflake's leadership position in the cloud data market.
- Revenue Guidance Increase: Snowflake raised its full-year product revenue forecast from $5.66 billion to $5.84 billion, suggesting an annual growth rate of approximately 31%, demonstrating the company's strong growth potential and adaptability in the AI sector.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 7 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0161 | 0.0199 | 0.0236 | 0.0274 | 0.0311 | 0.0349 | 0.0386 |
| Fibonacci | 0.0199 | 0.0228 | 0.0245 | 0.0274 | 0.0303 | 0.032 | 0.0349 |
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