Stocks Hit Record Highs Again, Driven by Tech Gains
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Source: CNBC
- Market Performance: Last week, the S&P 500 and Nasdaq Composite rose over 1% and 2%, respectively, marking the S&P 500's ninth consecutive week of gains and the Nasdaq's eighth out of the last nine weeks, reflecting strong investor confidence in the market.
- Tech Stock Surge: Snowflake's quarterly earnings exceeded expectations and included a $6 billion AI compute deal with Amazon, leading to a more than 36% single-day stock price increase, which reignited enthusiasm across the tech sector and boosted stocks like Dell and Broadcom significantly.
- Cybersecurity Stock Volatility: Zscaler's disappointing earnings report resulted in its worst single-day performance, negatively impacting peers CrowdStrike and Palo Alto Networks; however, Okta's strong earnings report led to a 30% stock price jump, indicating ongoing demand in the cybersecurity sector.
- Middle East Situation's Market Impact: Despite mixed signals from the Middle East, rumors of peace progress between Iran and the U.S. spurred market gains, although the White House dismissed the reports, investor optimism still supported the stock market's upward trajectory.
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Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 239.200
Low
237.00
Averages
278.19
High
312.00
Current: 239.200
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is an artificial intelligence (AI) data cloud company. The Company provides a platform which powers the AI data cloud, enabling customers to consolidate data into a single source of truth to drive insights, apply AI to solve business problems, build data applications, and share data and data products. Its cloud-native architecture includes three independently scalable but logically integrated layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The cloud services layer enables users to securely use AI within applications, tools, and processes. Its platform supports a wide range of product categories for customers’ business objectives, including analytics, data engineering, AI, applications and collaboration.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Snowflake Boosts Revenue Forecast Amid AI Sales Surge
- Significant Revenue Growth: Snowflake reported a 33% year-over-year revenue increase to $1.39 billion for the quarter ending April 30, demonstrating strong business growth potential in the AI-driven market.
- Expanding Customer Base: The number of customers generating over $1 million in revenue rose by 29% to 779, indicating successful sales growth among existing clients and the attraction of new business.
- Upgraded Annual Performance Forecast: Management raised its full-year product revenue forecast to $5.84 billion, reflecting a 31% growth rate, and increased the adjusted operating margin expectation to 13.5%, showcasing optimism about AI business prospects.
- AI-Driven Strategic Transformation: CEO Sridhar Ramaswamy emphasized that the success of AI tools is transforming Snowflake from a traditional data platform to the “control plane for the Agentic Enterprise,” further solidifying its market leadership position.
See More
Stocks Hit Record Highs Again, Driven by Tech Gains
- Market Performance: Last week, the S&P 500 and Nasdaq Composite rose over 1% and 2%, respectively, marking the S&P 500's ninth consecutive week of gains and the Nasdaq's eighth out of the last nine weeks, reflecting strong investor confidence in the market.
- Tech Stock Surge: Snowflake's quarterly earnings exceeded expectations and included a $6 billion AI compute deal with Amazon, leading to a more than 36% single-day stock price increase, which reignited enthusiasm across the tech sector and boosted stocks like Dell and Broadcom significantly.
- Cybersecurity Stock Volatility: Zscaler's disappointing earnings report resulted in its worst single-day performance, negatively impacting peers CrowdStrike and Palo Alto Networks; however, Okta's strong earnings report led to a 30% stock price jump, indicating ongoing demand in the cybersecurity sector.
- Middle East Situation's Market Impact: Despite mixed signals from the Middle East, rumors of peace progress between Iran and the U.S. spurred market gains, although the White House dismissed the reports, investor optimism still supported the stock market's upward trajectory.
See More
Datadog Shares Surge 8% Amid AI Optimism Following Snowflake and Dell Earnings
- Significant Price Surge: Datadog's shares jumped 8% in the afternoon session, closing at $245.82, reflecting a 9.1% increase from the previous day, indicating strong market confidence in accelerating AI demand.
- Industry Impact: Snowflake's Q1 results led to a 36% stock increase on May 28, while Dell's earnings revealed a 757% year-over-year growth in AI server revenue, demonstrating that enterprises are deploying AI at scale, driving dual demand for both software and hardware.
- Supportive Market Environment: The 10-year Treasury yield fell to 4.45% following reports of a US-Iran truce extension, reducing the discount rate on long-duration growth stocks, providing additional market support for companies like Datadog.
- Attractive Investment Returns: Datadog's stock has risen 84% since the beginning of the year, reaching a new 52-week high, with investors who bought $1,000 worth of shares five years ago now seeing their investment grow to $2,678, showcasing its strong growth potential.
See More
Snowflake Shares Surge as Revenue Growth Accelerates
- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a 7.02% increase in stock price on the afternoon of May 27, 2026, reflecting market optimism about its future performance.
- Positive Market Reaction: Investors are increasingly confident in Snowflake's accelerated growth, as the surge in stock price indicates the company's strengthening competitiveness in the cloud computing sector, potentially attracting more institutional investors.
- Strategic Implications: With rapid revenue growth, Snowflake is poised to further solidify its leadership position in the data cloud services market, enhancing market share and brand influence.
- Optimistic Future Outlook: The accelerated revenue growth not only boosts short-term stock performance but also lays the groundwork for sustained future growth, which may trigger further investment and innovation.
See More
Recent Updates on Snowflake and Salesforce
- Snowflake Stock Surge: On May 28, 2026, Snowflake's stock rose by 7.02%, indicating strong market confidence in its growth potential, which may attract more investor interest in its financial performance.
- Salesforce Updates: Salesforce was mentioned in the video, although specific stock price changes were not provided, its stable position in the market could influence its future business strategies and competitive edge.
- Updates on Nebius and Meta: The video also covered recent updates on Nebius and Meta, though lacking specific details, this indicates their ongoing development in the industry, which may impact related markets.
- Video Overview: Published on May 28, 2026, the video aims to provide the latest information on Snowflake, Salesforce, Nebius, and Meta, encouraging viewers to subscribe and check out special offers, reflecting the content creator's emphasis on audience engagement.
See More
Snowflake Shares Surge as Revenue Growth Accelerates
- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a substantial increase in its stock price during afternoon trading on May 27, 2026, reflecting market optimism about its future performance.
- Investor Attention: Despite Snowflake's strong stock performance, The Motley Fool's analyst team did not include it in their current list of top investment stocks, indicating a divergence in market views regarding its long-term potential.
- Market Comparison: The Motley Fool's Stock Advisor program shows an average return of 985%, far exceeding the S&P 500's 211%, highlighting the need for investors to carefully assess potential returns when selecting stocks.
- Industry Impact: With the rapid advancement of AI technology, Snowflake is seen as a key technology provider, potentially positioning itself prominently in future market competition and attracting increased investor interest.
See More
Snowflake Boosts Revenue Forecast Amid AI Sales Surge
- Significant Revenue Growth: Snowflake reported a 33% year-over-year revenue increase to $1.39 billion for the quarter ending April 30, demonstrating strong business growth potential in the AI-driven market.
- Expanding Customer Base: The number of customers generating over $1 million in revenue rose by 29% to 779, indicating successful sales growth among existing clients and the attraction of new business.
- Upgraded Annual Performance Forecast: Management raised its full-year product revenue forecast to $5.84 billion, reflecting a 31% growth rate, and increased the adjusted operating margin expectation to 13.5%, showcasing optimism about AI business prospects.
- AI-Driven Strategic Transformation: CEO Sridhar Ramaswamy emphasized that the success of AI tools is transforming Snowflake from a traditional data platform to the “control plane for the Agentic Enterprise,” further solidifying its market leadership position.
See More
Stocks Hit Record Highs Again, Driven by Tech Gains
- Market Performance: Last week, the S&P 500 and Nasdaq Composite rose over 1% and 2%, respectively, marking the S&P 500's ninth consecutive week of gains and the Nasdaq's eighth out of the last nine weeks, reflecting strong investor confidence in the market.
- Tech Stock Surge: Snowflake's quarterly earnings exceeded expectations and included a $6 billion AI compute deal with Amazon, leading to a more than 36% single-day stock price increase, which reignited enthusiasm across the tech sector and boosted stocks like Dell and Broadcom significantly.
- Cybersecurity Stock Volatility: Zscaler's disappointing earnings report resulted in its worst single-day performance, negatively impacting peers CrowdStrike and Palo Alto Networks; however, Okta's strong earnings report led to a 30% stock price jump, indicating ongoing demand in the cybersecurity sector.
- Middle East Situation's Market Impact: Despite mixed signals from the Middle East, rumors of peace progress between Iran and the U.S. spurred market gains, although the White House dismissed the reports, investor optimism still supported the stock market's upward trajectory.
See More
Datadog Shares Surge 8% Amid AI Optimism Following Snowflake and Dell Earnings
- Significant Price Surge: Datadog's shares jumped 8% in the afternoon session, closing at $245.82, reflecting a 9.1% increase from the previous day, indicating strong market confidence in accelerating AI demand.
- Industry Impact: Snowflake's Q1 results led to a 36% stock increase on May 28, while Dell's earnings revealed a 757% year-over-year growth in AI server revenue, demonstrating that enterprises are deploying AI at scale, driving dual demand for both software and hardware.
- Supportive Market Environment: The 10-year Treasury yield fell to 4.45% following reports of a US-Iran truce extension, reducing the discount rate on long-duration growth stocks, providing additional market support for companies like Datadog.
- Attractive Investment Returns: Datadog's stock has risen 84% since the beginning of the year, reaching a new 52-week high, with investors who bought $1,000 worth of shares five years ago now seeing their investment grow to $2,678, showcasing its strong growth potential.
See More
Snowflake Shares Surge as Revenue Growth Accelerates
- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a 7.02% increase in stock price on the afternoon of May 27, 2026, reflecting market optimism about its future performance.
- Positive Market Reaction: Investors are increasingly confident in Snowflake's accelerated growth, as the surge in stock price indicates the company's strengthening competitiveness in the cloud computing sector, potentially attracting more institutional investors.
- Strategic Implications: With rapid revenue growth, Snowflake is poised to further solidify its leadership position in the data cloud services market, enhancing market share and brand influence.
- Optimistic Future Outlook: The accelerated revenue growth not only boosts short-term stock performance but also lays the groundwork for sustained future growth, which may trigger further investment and innovation.
See More
Recent Updates on Snowflake and Salesforce
- Snowflake Stock Surge: On May 28, 2026, Snowflake's stock rose by 7.02%, indicating strong market confidence in its growth potential, which may attract more investor interest in its financial performance.
- Salesforce Updates: Salesforce was mentioned in the video, although specific stock price changes were not provided, its stable position in the market could influence its future business strategies and competitive edge.
- Updates on Nebius and Meta: The video also covered recent updates on Nebius and Meta, though lacking specific details, this indicates their ongoing development in the industry, which may impact related markets.
- Video Overview: Published on May 28, 2026, the video aims to provide the latest information on Snowflake, Salesforce, Nebius, and Meta, encouraging viewers to subscribe and check out special offers, reflecting the content creator's emphasis on audience engagement.
See More
Snowflake Shares Surge as Revenue Growth Accelerates
- Accelerated Revenue Growth: Snowflake's revenue growth has significantly accelerated, leading to a substantial increase in its stock price during afternoon trading on May 27, 2026, reflecting market optimism about its future performance.
- Investor Attention: Despite Snowflake's strong stock performance, The Motley Fool's analyst team did not include it in their current list of top investment stocks, indicating a divergence in market views regarding its long-term potential.
- Market Comparison: The Motley Fool's Stock Advisor program shows an average return of 985%, far exceeding the S&P 500's 211%, highlighting the need for investors to carefully assess potential returns when selecting stocks.
- Industry Impact: With the rapid advancement of AI technology, Snowflake is seen as a key technology provider, potentially positioning itself prominently in future market competition and attracting increased investor interest.
See More
