Snowflake surges 13% on earnings beat as company expands AI push
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Snowflake shares surged over 13% following strong Q4 results and positive guidance. The company announced an expanded partnership with Microsoft Azure to provide access to OpenAI models.
February 27, 2025 | 2:45 pm
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Snowflake's stock surged over 13% due to strong Q4 earnings and guidance. The company is enhancing its AI offerings by partnering with Microsoft Azure to provide OpenAI models.
The strong earnings report and positive guidance are direct catalysts for the stock price increase. Additionally, the partnership with Microsoft Azure to offer OpenAI models enhances Snowflake's AI capabilities, likely boosting investor confidence.
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