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Snowflake's stocks (Snow) rose by almost 8% after 2% in the previous session. The strong prospects of the company, which were underpinned by the growing demand for artificial intelligence tools, promoted the stock.

The cloud-based data platform exceeded the estimates of the analysts for the result of the first quarter and published sales forecast for the current quarter in which the expectations of Wall Street were exceeded.

The company's share has increased by 16% since the beginning of the year.

Snowflake has made a strategic attitude to the AI ​​and worked with Openaai and Anthropic to help customers build and use more advanced models. The integrations aim to simplify how companies manage and interpret large amounts of data via cloud environments.

The company continues to benefit from increasing corporate expenditure, since companies are increasingly moving their data to the cloud and investing them in AI functions.

Snowflake expects the turnover of the year to achieve $ 4.325 billion (3.224 billion GBP), which corresponds to an increase of 25% compared to the previous year.

Read more: The British government's borrowing will be 20.2 billion GBP in April

“We believe that, despite the macro background, the income of the management illustrates management in the durability of short-term demand,” said Kirk Mothers, analyst at Evercore ISI, in a note to the customers.

Sridhar Ramaswamy, Chief Executive from Snowflake, said in a explanation: “Our focus on simply operating the Snowflake platform to enable liquid access to data wherever it is familiar and the performance of corporate levels is differentiated.” He added that the company wanted to expand “this value throughout the data life cycle”.

Although Snowflake reported a net loss of $ 430 million on a GAAP basis, she achieved an adjusted result of 24 cents per share and exceeded the consensus of 21 cents from the analysts.

“We prefer [Snowflake] How our Top -Ki -Breakout game with a more sensible AI in the back half of the year, ”said Brent Thill, analyst at Jefferies, in a note before the winning report.

NYSE – Delayed Quote USD

At the end: May 21 at 4:00 p.m.:02 GMT-4

The shares of Nike (NKE) were somewhat higher before the opening bell of the United States, after they had dropped by 4% to close the last meeting when the giant sports clothing giant plans to increase the prices for selected products and the curriculum vitae that was sold directly from Amazon (AMZN) in the USA.

The company based in Oregon said that the changes were part of his “seasonal planning strategy” and did not refer to the ongoing trade voltages or tariff policy within the framework of US President Donald Trump, who increased the global supply chains.

From next Sunday, Nike will increase prices for a number of shoes, clothes and equipment. Most shoes over $ 100 (£ 74.50) increase by up to 10 US dollars, while clothing and equipment are recorded between 2 and 10 US dollars. The company stated that the popular Air Force 1 trainers and shoes are excluded from the hikes under $ 100, as well as clothing and accessories from children and Jordan.

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