Snowflake Reports Earnings Today Amid Software Turmoil. AI Needs Its Services, Says CEO. - Barron's
Earnings
Snowflake crushed Q1 estimates, raised full-year guidance, and announced a $6B AWS partnership for agentic computing, sending SNOW up ~30% in after-hours. The beat validates AI data-cloud demand but comes with heavy insider selling (23 sales, 0 buys in 30 days) and a consensus already leaning bullish — the gap-and-hold trade is real but crowded.
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↑ LONG+12% target-7% stop2-4 weeks post gap-settle
Fade the first-day gap in SNOW — insider selling pressure and consensus already SB-heavy cap the immediate upside; buy any 10-15% post-gap pullback toward $190-195 for a cleaner risk/reward entry.