Snowflake stock jumps on AI demand

Snowflake Inc. has issued a stronger-than-anticipated annual outlook for product sales, attributing the positive forecast to the increasing significance of its data software within the burgeoning AI sector. The company's announcement led to a substantial surge in its stock price, with shares climbing more than 25% in after-hours trading. This performance underscores the market's confidence in Snowflake's position to capitalize on the widespread adoption and demand for AI technologies, driven by its robust data management and analytics capabilities.