https://www.live-feeds.com/feed/snowflake-earnings-beat-why-snowflake-s-ai-product-strategy-is-jellingContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/snowflake-earnings-beat-why-snowflake-s-ai-product-strategy-is-jellinghttps://www.live-feeds.com/feed/snowflake-earnings-beat-why-snowflake-s-ai-product-strategy-is-jelling#u57719Sat, 05 Sep 2026 03:53:12 +0000Snowflake shares rose between 22% and 23% after the company reported second-quarter results that exceeded estimates for revenue and guidance. The surge follows increased demand for cloud and AI services, specifically momentum in AI coding and the uptake of its AI Assistant. While AI workloads have fueled three straight quarters of accelerating revenue growth, CFO Brian Robins noted that this shift has resulted in lower product gross margins. The company also reported a narrowing loss, contributing to a broader rally across software stocks.Why it mattersSnowflake is transitioning its core data