TradingKey – AI data cloud company Snowflake (SNOW) delivered an earnings report that was significantly stronger than market expectations. Driven by revenue, earnings, and full-year guidance all beating expectations, the company’s stock rose over 23% in extended trading on September 2, breaking above $370.

This performance is particularly noteworthy because Snowflake’s stock had already fallen about 4.4% during regular trading hours that day, meaning the strong rebound following the earnings release was driven almost entirely by the company’s own performance.

Prior to this, as of the close on September 2, SNOW had gained about 39% year-to-date, significantly outperforming the S&P 500 Index’s gain of roughly 12% over the same period. With…