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Trading Strategies For Snowflake Stock Post Q1 Print, Spear Alpha Bounces In Uptrend As Nvidia Flies Higher

Benzinga ·  May 24 00:59

Snowflake, Inc(NYSE:SNOW) was volatile on Thursday, popping up almost 4% higher at one point before falling almost 8% from the high-of-day in reaction to the company's mixed first-quarter earnings print.

For the quarter, Snowflake reported revenue of $828.7 million, which beat the $785.87-million consensus estimate. The company reported earnings per share of 14 cents, missing a consensus estimate of 18 cents.

In contrast to Snowflake's earnings reaction,NVIDIA Corporation(NASDAQ:NVDA) was surging over 10% after reporting its first-quarter earnings, which Benzinga pointed out was likely to happen on Wednesday.

Snowflake could begin to follow Nvidia higher over...

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