AI Momentum Meets Post-Earnings Sell-Off
Snowflake Inc. (NYSE: SNOW) delivered robust third-quarter results for fiscal 2026, reporting 29% year-over-year revenue growth and raising its full-year outlook.
Despite these strong fundamentals, the stock tumbled approximately 11% in early December, driven by investor concerns over decelerating growth and aggressive valuation. As of December 8, 2025, shares are trading around $229, down from a recent peak but still up over 70% year-to-date.
The cloud data giant reported Q3 total revenue of $1.21 billion, with product revenue also climbing 29% to $1.16 billion. Net revenue retention remained healthy at 125%, while remaining performance obligations (RPO) surged 37% to $7.88 billion, indicating a substantial backlog of future…
