Snowflake shares jump 18% in after-hours trading

The after-hours pop signals the market was bracing for weaker cloud demand than Snowflake delivered. This is a read-through for the broader data-infrastructure and AI-adjacent software space, where revenue durability has been the key question. The fact that the move came on both results and outlook suggests guidance carried as much weight as the beat. Whether this momentum holds into the regular session—and whether it lifts peers trading on similar fundamentals—is the immediate watch point.