Snowflake vaulted past a profit-taking zone in Thursday trading after a strong second quarter extended a premarket surge of more than 23%.
Q2 results beat expectations, with adjusted EPS of $0.62 on $1.55 billion in revenue, while product revenue rose 37% to $1.49 billion and full-year product revenue guidance was lifted to $6.07 billion.
U.S. stocks opened higher even as oil kept climbing, with investors taking some relief from a Fed official's signal that a September rate cut was not assured.
That mix left Snowflake as a standout winner against a still-uncertain macro backdrop shaped by rate-cut doubts and higher energy prices.