Snowflake’s stock surges nearly 40% as AI acceleration drives record product-revenue growth
Earnings
Snowflake posted a blowout Q1 beat, raised full-year guidance, and announced a $6B AWS partnership commitment, sending shares up nearly 40% after hours. The surge sets up a classic post-gap fade risk versus a sustained re-rating if AI workload monetization proves durable.
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↓ SHORT-15% target+8% stop2-3 weeks post-earnings
Fade the SNOW gap-up into first week post-print — insider selling is heavy (23 sales/0 buys in 30d), consensus was already SB-heavy before the move, and a 40% single-session pop historically reverts 15-20% within 2-3 weeks as momentum chasers exit.