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1. Snowflake Soars On Q1, AWS Deal
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Snowflake (NYSE:SNOW) popped close to 35% in pre-market trading, after first-quarter revenue jumped 34% to beat guidance – powered by gains in customer expansion and product adoption. Over 13,600 accounts adopted Snowflake’s AI-driven capabilities, with more than 7,100 using new platform features like Cortex Code for enterprise AI tasks, pushing product revenue to a new high.
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New multi-year $6 billion deal with Amazon Web Services (AWS): On the same day, the company announced an agreement to access Amazon’s (NASDAQ:AMZN) Graviton compute and AI services, more than doubling its prior commitments – as CEO Sridhar Ramaswamy said Snowflake has “surpassed $7 billion in lifetime AWS Marketplace sales.”
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Recommended in recent years by both Team Rule Breakers and Team Hidden Gems: Management raised its guidance, citing strong momentum in AI and enterprise partnerships – and now expects full-year revenue to reach $5.84 billion, up $180 million from its previous target.
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2. What You Might’ve Missed Yesterday from Team Rule Breakers’ Recs
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Braze (NASDAQ:BRZE) delivered a 30% increase in Q1 revenue. The company’s AI-powered customer engagement platform saw a rise in new customers and higher usage among existing customers. Management raised full-year revenue guidance to $895–$899 million. The stock dropped about 8% in early trading, as earnings came in flat.
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Synopsys (NASDAQ:SNPS) – recommended by both Team Hidden Gems and Team Rule Breakers – dipped around 2% early this morning, despite a Q2 revenue beat, up 42% YoY. GAAP EPS fell 96% as a result of one-off costs, though non-GAAP EPS only slipped 8.7%.
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Everpure (NYSE:P) – recommended in Stock Advisor by Team RB – posted a 35% Q1 sales rise year over year (YoY) to $1.05 billion. But the stock lost more than 8% in morning trading on the back of weaker Q2 guidance. Fool analyst Emily Flippen previously said “[Everpure] is still in the process of trying to change investor perceptions away from it being a hardware storage vendor but rather a true memory and infrastructure platform.”
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3. Fed Facing Inflation, Interest Rate Dilemma
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The April Personal Consumption Expenditures (PCE) print – expected to show a 3.8% rise YoY – is due today, as inflation rises high on the Federal Reserve’s priorities list. Fed Governor Lisa Cook yesterday commented “I currently believe that the right course of action is to hold rates steady,” but said she’s prepared for a hike if tariffs, the Iran war, and the AI surge continue to fuel price rises. |
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“I don’t regret dissenting at that meeting, because the inflation has not proved as temporary as was advertised”: Chicago Fed President Austan Goolsbee – who voted against the Fed’s final 2025 cut – warned of the risk of “big increases in consumer spending fueled by stock market wealth increases.”
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Futures down as oil remains above $90 per barrel: S&P 500 futures dipped 0.1% in early trading, and Nasdaq futures lost 0.3%, as renewed strikes on Iran dampened hopes for falling oil prices.
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4. Results From COST, ADSK, and OKTA Due After Today’s Close
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Costco (NASDAQ:COST) reveals Q3 performance following a 9% YoY net sales increase in Q2 – though membership growth was slowing. A Stock Advisor rec by Team Hidden Gems, Costco is looking to build on Q2’s 22.6% rise in digitally enabled comparable sales YoY.
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Autodesk (NASDAQ:ADSK), recommended by Team Rule Breakers, opens fiscal 2027 following an expectations-beating final quarter for fiscal 2026. Q4 was hit by restructuring costs, and further impacts could be felt in the latest quarter.
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Okta (NASDAQ:OKTA) – an SA rec by Team RB – is expected to show progress with AI agent security products in Q1 today. Management expects 9% total revenue growth and 10% subscription revenue growth in the quarter.
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BBB Foods (NYSE:TBBB) was another to report after the market closed Wednesday, with the stock down around 3.5% in pre-market trading. The discount grocer posted a steep net loss, but operating cash flow was strong (up 64%) due to its business model.
When cash generation and reported earnings tell different stories, which do you trust more? How do you evaluate 'real' profitability?
Debate with friends and family, or become a member to hear what your fellow Fools are saying!
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