Is Snowflake the New Market Darling of AI Software -- or Will It Follow Palantir's Path?
Key takeaways
- Snowflake stock surged a whopping 36% on May 28, as it beat Wall Street s expectations and raised its full-year revenue and earnings guidance.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- That s not surprising, as Snowflake s AI business is taking off.
Harsh Chauhan, The Motley Fool Thu, June 4, 2026 at 10:18 PM GMT+7 5 min read SNOW PLTR NVDA Snowflake (NYSE: SNOW) stock was down in the dumps until May 27 this year, but a solid set of results for the first quarter of fiscal 2027 (which ended on April 30) sent it skyrocketing the following day.
Snowflake stock surged a whopping 36% on May 28, as it beat Wall Street s expectations and raised its full-year revenue and earnings guidance. The stock -- which had lost 19% of its value in 2026 before the release of its fiscal Q1 results on May 27 -- seems to have become the new darling of the artificial intelligence (AI) software space.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »