Snowflake's Flywheel Effect ❄️

Snowflake $SNOW ( ▼ 4.37% ) surged 23.14% in after-hours trading on Wednesday after the AI data cloud company posted good financial earnings results.

Financials: Snowflake reported earnings of 62 cents per share in the past quarter and revenue of $1.55 billion. Both were better than expected.

Quote: “AI continues to compound our advantages, creating a flywheel effect across the business.” - CEO Sridhar Ramaswamy.

Early Bird’s Nest Egg Gains: Snowflake’s flywheel effect is the self-reinforcing cycle in which AI adoption brings more users and workloads onto Snowflake, which increases data usage and platform consumption, which in turn makes Snowflake more valuable for building additional AI, analytics, and applications.

Final Thoughts: The stock was already up 41% in 2026.

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Notables

Notable Earnings Today: Lululemon Athletica (Nasdaq: LULU), Victoria's Secret (NYSE: VSXY), DocuSign (Nasdaq: DOCU), Zscaler (Nasdaq: ZS), Ciena (NYSE: CIEN), UiPath (NYSE: PATH), Wiley (NYSE: WLY), Ambarella (Nasdaq: AMBA), The Campbell's Company (Nasdaq: CPB), BRP (Nasdaq: DOO), Samsara (NYSE: IOT), Asana (NYSE: ASAN), Brady (NYSE: BRC), Planet Labs (NYSE: PL), Toro (NYSE: TTC), Smith & Wesson Brands (Nasdaq: SWBI), Concrete Pumping Holdings (Nasdaq: BBCP), Duluth Holdings (Nasdaq: DLTH), Genesco (NYSE: GCO), Guidewire Software (NYSE: GWRE), Hello Group (Nasdaq: MOMO), Lands’ End (Nasdaq: LE), Oxford Industries (NYSE: OXM).

Notable IPOs Today: Jones Ventures INTL Acquisition1 Corp Class A Ordinary Shares (Nasdaq: JONE).

Notable Equity Crowdfunding Campaigns Ending Today: Funk Harbor Spirits (Republic).

Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Trade Balance / Imports / Exports (8:30 a.m. ET), Nonfarm Productivity (8:30 a.m. ET), Unit Labor Costs (8:30 a.m. ET), S&P Global Services PMI (9:45 a.m. ET), S&P Global Composite PMI (9:45 a.m. ET), ISM Non-Manufacturing Prices / PMI / Employment (10:00 a.m. ET), Fed's Balance Sheet (4:30 p.m. ET).

Broadcom's Weak Outlook

Photo by Vishnu Mohanan on Unsplash

Despite posting good financial earnings results on Wednesday, chipmaker Broadcom $AVGO ( ▼ 0.66% ) fell 0.82% in after-hours trading.

Financials: Broadcom reported earnings of $3.32 per share in the past quarter and revenue of $29.6 billion. Both were better than expected.

Powering the Story: The company also said on Wednesday that it anticipates $34.8 billion in revenue for the current quarter, but investors were hoping for more.

Final Thoughts: Broadcom is up about 5% this year, lagging the broader market.

Petco’s Strong Results

Petco Health and Wellness Company $WOOF ( ▲ 1.94% ) jumped 8.75% in after-hours trading on Wednesday after posting good financial earnings results.

Financials: Petco reported earnings of 13 cents per share in the past quarter and revenue of $1.5 billion. Both were better than expected.

Final Thoughts: It’s a comeback for Petco after the stock started 2026 with a decline of about 7%.

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