To The Moon

Snowflake and Broadcom have just released their latest earnings. Both companies delivered solid results, but the market reacted very differently. Snowflake jumped more than 22% in after-hours trading, while Broadcom fell by around 4% at one point. Both companies are benefiting from the AI boom, so why did their share prices move in opposite directions? I think there are three main reasons. 1. Both delivered strong results, but the market trades on expectations Let’s start with Snowflake. Snowflake reported second-quarter product revenue of $1.492 billion, up 37% year over year. Total revenue reached $1.547 billion, representing 35% growth. Adjusted earnings per share came in at $0.62, well above the market expectation of $0.45. Those numbers were already strong, but what really excited the

Snowflake and Broadcom have just released their latest earnings. Both companies delivered solid results, but the market reacted very differently. Snowflake jumped more than 22% in after-hours trading, while Broadcom fell by around 4% at one point. Both companies are benefiting from the AI boom, so why did their share prices move in opposite directions? I think there are three main reasons. 1. Both delivered strong results, but the market trades on expectations Let’s start with Snowflake. Snowflake reported second-quarter product revenue of $1.492 billion, up 37% year over year. Total revenue reached $1.547 billion, representing 35% growth. Adjusted earnings per share came in at $0.62, well above the market expectation of $0.45. Those numbers were already strong, but what really excited the