Snowflake's $SNOW price just soared to a 2026 high thanks to AI. So what happened to the SaaSpocalypse? @petenajarian@jonnajarian break it down and they saw #UOA#ITSNOTANOPTION 📙
Brad Gerstner, CEO of @AltimeterCap highlighted that $SNOW delivered 33% growth versus expectations for 27%, while also raising full-year guidance by more than the size of the Q1 beat.
He said AI token consumption is accelerating Snowflake’s core business, with products like Snowflake Intelligence and Cortex Code reaching “critical mass” during the quarter. @altcap
This is extremely bullish for the datacenter buildout and why his firm has large holdings in $NVDA $TSM $CRWV and $ARM
Breaking: The NBA's Board of Governors has passed new anti-tanking rules that include expanding the draft lottery from 14 to 16 teams, a relegation zone where the bottom 3 teams get penalized with lessened chances for the No. 1 pick, and flattened odds, sources tell ESPN.
I am watching Snowflake $SNOW absolutely rip after hours following this massive earnings print, and the market is finally getting it.
Retail spent the last year thinking this was a dead legacy cloud stock. They completely misread the board. Here is why the tape looks like this today. 🧵
Just in: The Chicago Bulls are hiring Atlanta Hawks senior vice president Bryson Graham as the franchise's new Executive Vice President of Basketball Operations, sources tell ESPN. Graham spent 15 years in New Orleans before joining Atlanta last offseason, rising from an intern to GM, and now becomes the Bulls top executive.
JUST IN: THE AI INVESTMENT GROWS
Amazon, Microsoft, Google and Meta Platforms just updated their guidance and now plan to spend a combined
$710 BILLION on CAPEX this year
Amazon $AMZN: $200B
Microsoft $MSFT: $190B
Google $GOOGL: $185B
Meta Platforms $META: $135B
WSJ: After spending recent weeks on life support, LIV Golf has lost the funding of its Saudi backers. LIV plans to tell players and staff by Thursday that Saudi Arabia's Public Investment Fund will no longer bankroll the circuit after this season, according to people familiar with the matter.
Former South Dakota State and Iowa QB Mark Gronowski — the winningest quarterback in college football history — is signing with the Dolphins, source said.