Snowflake Is Up 9% Today: Is It Outperforming Other Cloud Stocks Like ServiceNow?

Quick Read

• Snowflake (SNOW) banal surged 9% connected bargain-hunting and AI tailwinds, outpacing ServiceNow (NOW) stock, which gained 6% amid wide unreality bundle betterment sentiment.

• Bargain-hunting successful heavy sold-off unreality bundle names combined with capitalist rotation toward faster-growing information platforms and AI adoption narratives is pulling Snowflake up of ServiceNow.

• The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and ServiceNow wasn't 1 of them. Get them present FREE.

Shares of Snowflake (NYSE:SNOW) are climbing successful aboriginal Thursday trading, jumping astir 9% intraday to astir $152. The information unreality level is starring endeavor bundle higher and outpacing adjacent ServiceNow (NYSE:NOW), which is besides greenish but rising astatine a slower clip.

ServiceNow banal is trading 5% higher to astir $94, a respectable bounce successful its ain right. On a percent basis, however, Snowflake is intelligibly retired successful beforehand today, and the spread matters fixed however often these 2 names commercialized together.

Both stocks are wide watched bellwethers for endeavor bundle sentiment. Snowflake's marketplace headdress sits astatine astir $53.09 billion, portion ServiceNow's is person to $97.63 cardinal arsenic of mid-morning Thursday.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and ServiceNow wasn't 1 of them. Get them present FREE.

The opposition deserves attraction due to the fact that some names person been hammered successful 2026. Snowflake banal entered Thursday down 36% twelvemonth to date, portion ServiceNow shares were sitting down 42% twelvemonth to day done Wednesday's close. Today's portion hints astatine a partial sentiment thaw crossed the unreality bundle group.

Snowflake Pulls Ahead successful a Brutal Cloud Tape

The popular has nary azygous confirmed catalyst, but the backdrop has been gathering for weeks. Bargain-hunting successful heavy sold-down unreality names, AI workload migration narratives favoring information platforms, and a broader rotation backmost toward bundle are each successful the mix. Snowflake's transportation arsenic the information furniture for endeavor AI keeps attracting buyers whenever sentiment thaws.

The fundamentals person held up. In Q4 FY2026, reported February 25, Snowflake posted merchandise gross of $1.23 billion, up 30% twelvemonth implicit year, and remaining show obligations of $9.77 billion, up 42%. The institution added a grounds 740 nett caller customers, and escaped currency travel surged to $765 cardinal astatine a 60% margin.

CEO Sridhar Ramaswamy has leaned hard into AI positioning, with implicit 9,100 accounts utilizing Snowflake AI features and Cortex adoption climbing. Snowflake Intelligence reached astir 2,500 accounts wrong 3 months of launch. For investors hunting a betterment campaigner wrong a sold-off group, that maturation illustration remains the fastest among large information platforms.