After a strong performance, Snowflake (SNOW.US) reports Q2 results and fiscal year revenue guidance exceeding expectations, injecting a shot of adrenaline into AI software stocks.

According to the Zhitong Finance and Economics APP, Snowflake (SNOW.US) reported strong performance in the second quarter, with its artificial intelligence data cloud business showing good momentum. The company announced a net loss of 2.98 billion US dollars in the second quarter, with a loss of 89 cents per share; revenue was 11.44 billion US dollars, an increase of 32% compared to the same period last year, analysts had expected revenue to be 10.9 billion US dollars. Non-GAAP earnings per share were 35 cents, exceeding analysts' expectations of 27 cents.