Snowflake surges past IBM with market value at $120bn
The cloud-based data warehouse company’s stock has gained more than 40% since December 2
08 December 2020 - 23:24
New York — A blistering rally in the shares of cloud-computing company Snowflake continued on Tuesday, sending its market valuation above IBM and Advanced Micro Devices (AMD).
Snowflake rose as much as 10% for a market capitalisation of about $120bn. The stock has now gained more than 40% since December 2, when its first earnings report as a public company impressed Wall Street analysts...
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