Snowflake Inc. shares surged over 20% following impressive third-quarter earnings that beat expectations, reporting a revenue of $942 million. The company announced a partnership with AI firm Anthropic and plans to acquire data integration startup Datavolo. Despite a widening net loss of $324.3 million, Snowflake raised its fiscal 2025 revenue forecast and aims for increased profitability. The developments reflect growing confidence in Snowflake's future amid rising demand for cloud-based data solutions.
