Snowflake (NYSE: SNOW) isn't having the best of years. The stock is down 11% in 2024, by far underperforming major indices. But it used to be much worse. Snowflake stock is actually up big in the last month after it reported blowout figures for its third quarter of fiscal year 2025 (ending Oct.

For the full year, Snowflake expects its product revenue (which accounts for most of its top line) to rise 29%. That's higher than its previous outlook for 26% growth, but it would still represent its slowest annual growth rate since its initial public offering (IPO) in 2020. Image source: Getty Images.

Shares of Snowflake saw their largest percentage increase on record after the cloud data storage company posted better-than-expected product revenues and forged a new generative artificial-intelligence partnership.

Shares of data company Snowflake ( SNOW 32.71%) skyrocketed on Thursday after investors were pleasantly surprised with the financial results it reported for its fiscal third quarter of 2025. As of 12:40 p.m. ET, Snowflake stock was up 34%.