Snowflake Shares Up on Upbeat Guidance: ETFs to Benefit - Global X Cloud Computing ETF (NASDAQ:CLOU), TrueShares Technology, AI & Deep Learning ETF (ARCA:LRNZ)
Software solutions provider Snowflake (NYSE: SNOW) reported a moderate start to the fiscal year with first-quarter revenue topping expectations. Although the company missed on earnings estimate, upbeat guidance sent shares up by 4.4% in after hours on May 22, 2024.