Snowflake stock surged up to 26% on Thursday following a strong Q2 earnings report. The company reported product revenue of $1.49 billion, a 37% year-over-year increase, and raised its revenue guidance for the current quarter and fiscal year. Adoption of its AI coding agent, CoCo, increased significantly, adding over 2,000 accounts in the quarter to reach a total of 9,100. Wall Street banks raised price targets in response to the results.
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