以下部分引用 AI 总结，现阶段 AI 仍然有幻觉。请以内容的原文为准。

数据新鲜度群聊 07-14 ✓卖方 07-14 ✓Wrap 断档15天 ✕News 07-15 ✓X 断档12天 ✕页面生成 07-15

SNOW

148 atoms · 跨 24 天 · 首见 2026-04-10 · 最近 2026-07-09

三色: 🟦 fact 79 · 🟥 take 69 · stance ▲95/▼5/◆13

叙事状态: ⚔️ contested (分歧) · 📉 放缓 · 策展近14d 5 atom

状态只算低频策展源 (群/卖方); X firehose 仅作背景音量

来源: 群 10 · X 84 · 卖 28

时态: fresh:131 · stale:17

标签: 好数字:76 · 好观点:55 · 好信源:20 · 好思考:13

🟨 AI 综合 · junior analyst 概览

展开 AI 综合 (灰色 · 非市场结论 · 点击数字溯源到原 atom)

model: deepseek-chat · 2026-07-12 · 默认折叠

SNOW 的 GAAP 经营利润目标若达成，可能带来显著 upside ¹。Cortex Code 增长轨迹乐观，定价比 Claude Code 高 40%，预计贡献 2% 增量收入 ¹ ¹ ¹。Deutsche Bank 与 Wells Fargo 均上调目标价至 $300-$320，认为 Cortex Code 拉动迁移并支撑 25%+ 增长 ¹ ¹。FY27 指引暗示营收增长加速至 31%，Q1 营收与 NRR 均超预期 ¹ ¹ ¹。然而，有资金因觉得入场过早而缩减 SNOW 仓位 ¹。企业销售团队交易规模扩大且周期缩短，执行动能支持份额增长 ¹ ¹。

🧭 拥挤度 (一人一票): ▲ 20 位作者 (KOL12 · 卖方7 · TMTB1) + 群 3 条 vs ▼ 1 位作者 (KOL1)

📄 广泛报道的事实 · 4 个

展开 (多人转述同一事实/数字 — 确认度高, **非独立观点**, 不标多空)

产品收入同比增速 — 3 源报道 (含1快讯) · X
业绩指引上调 — 2 源报道 · X
Q1-2027 EPS — 2 源报道 (含2快讯) · X
Q1-2027 营收 — 2 源报道 (含2快讯) · X

💢 核心分歧 (2 轴)

1. 产品周期催化剂 vs 股价回撤压力

*topic: 价格动态/产品周期/股价涨幅 · 3 bull vs 1 bear*

🟢 bullish 侧:

<a id="atom-bd152f31321b9eb5"></a>2026-05-28 群 · 盘后涨幅 · 股价涨幅
SNOW 盘后大涨 37%
tags: 好数字 · → daily
value: qty=37%
<a id="atom-8fd839ea5566f97c"></a>2026-06-07 卖·BofA Brian Fenske · 看多逻辑 · 产品周期/AI应用
SNOW feels like a popular long given there are real AI benefits, a Cortex Code product cycle
tags: 好观点 · → daily
<a id="atom-e07815a4f8772c8b"></a>2026-06-21 卖·BofA Brian Fenske · Cortex Code产品周期 · 产品周期/AI Agent
It was partially driven by an interesting product cycle shaping up: Cortex Code (or CoCo). It’s an AI Coding Agent to democratize tool creation which could drive further consumption.
tags: 好观点 · → daily

🔴 bearish 侧:

<a id="atom-d63708c14ed7dbc1"></a>2026-05-27 X·@PatrickMoorhead · 过去6个月股价跌幅 · 价格动态
down by that much over the past 6 months (当前数值: $175.26; 变化金额: -$73.40; 变化幅度: -29.52%; 时间区间: Nov 28, 2025 – May 27, 2026)
tags: 好数字 · → daily
value: qty=-29.52% · date=Nov 28, 2025 – May 27, 2026
[图: 显示特定时间段内资产价格下跌幅度的金融数据截图 — 当前数值: $175.26; 变化金额: -$73.40; 变化幅度: -29.52%; 时间区间: Nov 28, 2025 – May 27, 2026]
📷 原图

2. 对冲基金追捧 vs 仓位减持避险

*topic: 投资偏好/仓位情绪/市场情绪 · 4 bull vs 1 bear*

🟢 bullish 侧:

<a id="atom-8ba7ed450fb896c9"></a>2026-05-31 卖·BofA Brian Fenske · 为消费类股票设定更高标杆 · 市场情绪/板块联动
SNOW提前一周为消费类股票设定了更高标杆，拉高了预期、情绪和股价。
tags: 好观点 · → daily
<a id="atom-dac2baf7954ddf22"></a>2026-06-01 卖·MS Tom Wigg [老旧] · 持仓偏好 · 投资偏好
Other faves: SNOW
tags: 好观点 · → daily
value: type=favorite
<a id="atom-341dcd09fd792dfb"></a>2026-05-27 X·@labubu_trader [老旧] · 当前安全性判断 · 仓位情绪
DDOG/DOCN/SNOW seems to be safe now
tags: 好观点 · → daily
value: direction=safe
<a id="atom-a3f036bd15ac7c26"></a>2026-06-01 X·@labubu_trader [老旧] · 持仓方向 · 仓位情绪
I'm now holding $SNOW $ORCL $INOD $DOCN, but pretty skeptical towards $CRM $FIG $NOW and any seat based names(yes even $TEAM). I might only play the short squeeze but no interest of holding them for longer than a week.
tags: 好观点 · → daily
value: direction=long

🔴 bearish 侧:

<a id="atom-b1199ae7e446f161"></a>2026-06-01 X·@TheHimalayanYak [老旧] · reduced exposure · 仓位情绪
reduced some exposure in SNOW (a bit too early in the latter)
tags: 好观点 · → daily

🔗 因果传导 (causal map)

*SNOW 在产业链上的传导关系. 边是群里/卖方陈述的因果 (非 AI 推断), 数字 = 几条 atom 支撑. 点 atom 溯源.*

↓ 下游·近期陈述 (1)

🟢 MSFT · 份额外溢 · 1 次陈述
SNOW 财报为 MSFT 增加了约 3% 的市值

↑ 上游·近期陈述 (5)

🟢 AI应用 · 需求拉动 · 1 次陈述
AI usage is finally translating into growth. Product Revenues accelerated by +4-Points to +34% last quarter.
🟢 Cortex Code · 需求拉动 · 1 次陈述
It was partially driven by an interesting product cycle shaping up: Cortex Code (or CoCo). It’s an AI Coding Agent to de
🟢 AI软件需求 · 需求拉动 · 1 次陈述
Gemini分析了你历史发言，然后告诉我最可能的标的是AI软件与底层基础数据平台：MDB，SNOW，MSFT，GOOG...
🟢 AI Agent · 需求拉动 · 1 次陈述
SNOW 的表现让市场推测 Agent 正在推高软件使用量
🔴 Databricks · 竞争 · 1 次陈述
引发了市场对 SNOW 财报的担忧 → 股价承压

📏 估计带 (4)

*语料内对同一量的估计区间 (≥2 个估计才成带). 不判断谁对, 只陈列.*

营收未标期限 ⚠混合口径: 25% – 34% · 3 个估计 · 最新 2026-06-21 34% (卖·cred4)
营收未标期限 ⚠混合口径: 4 – 30 · 2 个估计 · 最新 2026-06-21 4 (卖·cred4)

🔮 前瞻触发器 (forward triggers)

*这些 atom 指向可能 reprice 的前瞻事件 (无精确日期, 仅类型). 配合上面叙事状态看「上膛」程度.*

财报 (2 · ▲1/▼1)

🔴 2026-06-18 · 市场担忧Databricks利润率引发股价承压
引发了市场对 SNOW 财报的担忧 → 股价承压
🟢 2026-05-28 · 盘后涨幅
SNOW 盘后大涨 37%

并购 (1 · ▲1/▼0)

🟢 2026-05-27 · 收购 Natoma 的战略意义
收购 Natoma 嵌入 MCP gatekeeper，解决部署自主 Agent 的安全和审计瓶颈，将 SNOW 从被动数据存储转变为企业 AI 的主动运营层

指引 (1 · ▲1/▼0)

🟢 2026-05-28 · FY27 增长指引
SNOW 指引暗示 FY27 营收增长加速至 31%

📊 程序化变化 (近 7 天)

新增 1 atoms
本周新 topic: 投资推荐

🟦 客观事实 (facts) (30)

<a id="atom-ee2adc01aeeb4bce"></a>🟦 2026-05-27 X·@negligible_cap ⭐ · 向 AMZN 支付 6B 美元购买 Gravitron CPU · 合作客户/资本开支
$SNOW giving $AMZN $6B over the next 5 years for their Gravitron CPUs
tags: 好数字·好信源 · → daily
value: qty=$6B · date=2026-05-27
<a id="atom-f53754bb3732784c"></a>🟦 2026-05-27 群 · GTM动能 · 销售动能/交易效率
企业销售团队在增加人手的同时，交易规模扩大 25%，周期缩短 25%，配额达成率维持在 57%
tags: 好数字·好观点 · → daily
value: qty=交易规模扩大25%，周期缩短25%
<a id="atom-6e2eb9c42b6f044e"></a>🟦 2026-05-28 X·@AIStockSavvy [老旧] · 目标价 · 评级目标价
raises PT to $300 from $200
tags: 好数字·好信源 · → daily
value: qty=$300 · date=当前
📷 原图
<a id="atom-6973e4046336934a"></a>🟦 2026-05-27 群 · 期权异动信号 · 期权异动/看涨信号
盘中 2026 年到期的 $215/$225 看涨期权价差出现大量成交，精准押中盘后大涨
tags: 好信源·好数字 · → daily
value: qty=2026年到期的$215/$225看涨期权价差大量成交
<a id="atom-7a1cca004e423d56"></a>🟦 2026-05-28 X·@cnfinancewatch · 营收超预期 · 营收/财报
Q1财报营收超预期
tags: 好数字·好信源 · → daily
<a id="atom-28073cffeb2ed711"></a>🟦 2026-05-28 X·@cnfinancewatch · NRR超预期 · 营收
NRR超预期证明客户付费意愿强
tags: 好数字·好信源 · → daily
<a id="atom-5fa23ccd3d901946"></a>🟦 2026-05-28 X·@FundaAI · Cortex Code 定价比较 · 定价权
Cortex Code is priced 40% higher than Claude Code.
tags: 好数字·好信源 · → daily
value: qty=40% higher
📷 原图
<a id="atom-a3ceb6fc1afa1632"></a>🟦 2026-05-27 X·@AIStockSavvy · 引用 96% 企业面临 AI 规模化挑战的数据 · 供给产能/订单需求
Snowflake cites 96% of organizations facing enterprise AI scaling challenges.
tags: 好数字·好信源 · → daily
value: qty=96%
<a id="atom-32aea32ffe7eb80c"></a>🟦 2026-05-27 X·@AIStockSavvy · AWS partnership expansion · 合作客户
📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $SNOW Snowflake expands AWS partnership with $6 billion multi-year agreement
tags: 好数字·好信源 · → daily
value: qty=$6B
<a id="atom-bd152f31321b9eb5"></a>🟦 2026-05-28 群 · 盘后涨幅 · 股价涨幅
SNOW 盘后大涨 37%
tags: 好数字 · → daily
value: qty=37%
<a id="atom-b24f9ceb16e2bb5f"></a>🟦 2026-04-10 群 · 较 ATH 回撤幅度 · 回撤
SNOW -70% (ATH during covid)
tags: 好数字 · → daily
value: qty=-70%
<a id="atom-25bb69537fc5935e"></a>🟦 2026-06-21 卖·BofA Brian Fenske · 产品营收增速 · 营收/AI需求变现
AI usage is finally translating into growth. Product Revenues accelerated by +4-Points to +34% last quarter.
tags: 好数字 · → daily
value: qty=34% · metric=YoY
<a id="atom-e558574b4e4e0899"></a>🟦 2026-06-21 卖·BofA Brian Fenske · 收入加速信号 · 营收/增长趋势
Product Revenues accelerated by +4-Points to +34% last quarter.
tags: 好数字 · → daily
value: qty=+4个百分点 · metric=产品营收增速环比
<a id="atom-ef4ac9c2b5cd8a01"></a>🟦 2026-06-07 卖·BofA Brian Fenske · 估值对比 · 估值
SNOW is still trading 4-5 turns below DDOG (11x vs. DDOG at 15.8x revs)
tags: 好数字 · → daily
value: qty=11x revs vs DDOG 15.8x revs, 4-5 turns below
<a id="atom-ba388a7859c077d9"></a>🟦 2026-06-07 卖·BofA Brian Fenske · 当前股价 · 股价
stock is at $240 right now
tags: 好数字 · → daily
value: qty=$240
<a id="atom-755c4499b9f31c9d"></a>🟦 2026-06-05 卖·BofA Brian Fenske · GAAP盈利目标时间 · 财报/盈利目标
Snowflake targets GAAP profitability by F4Q28, expected from revenue growth, better operating efficiency, and lower stock-based compensation.
tags: 好数字 · → daily
value: target=F4Q28
<a id="atom-a37b50d41e8ce070"></a>🟦 2026-06-05 卖·BofA Brian Fenske · 营收增速 · 营收
Snowflake's growth is solidly in the 30s, which BofA does not see as a major concern despite not being GAAP profitable.
tags: 好数字 · → daily
value: qty=solidly in the 30s (percentage)
<a id="atom-2953e4eac891d97c"></a>🟦 2026-05-31 卖·BofA Brian Fenske · 财报超预期 · 财报
SNOW财报实现有意义的 upside。
tags: 好数字 · → daily
<a id="atom-beb4ba8efceb9bad"></a>🟦 2026-04-24 群 · 股价下跌原因 · 研报/股价下跌/CFO指引
Cleveland 研报: AI 颠覆反馈混合 + 担忧 CFO 保守指引 → SNOW 股价大跌 6.6%
tags: 好数字 · → daily
value: pct=-6.6%
<a id="atom-f828477992a0428d"></a>🟦 2026-05-27 X·@AIStockSavvy · Q1-2027 EPS · 财报/盈利能力
实际每股收益 (EPS): $0.39
tags: 好数字 · → daily
value: qty=$0.39 · date=Q1-2027
[图: Snowflake Inc. (SNOW) Q1 2027 季度财报业绩及未来财务展望信息图 — 实际每股收益 (EPS): $0.39; 预期每股收益 (EPS): $0.32; 实际营收: $1.39B; 预期营收: $1.32B; 2027财年全年产品营收展望: $5,840 million]
📷 原图
<a id="atom-84389d3e90e506e1"></a>🟦 2026-05-27 X·@AIStockSavvy · Q1-2027 营收 · 营收
实际营收: $1.39B
tags: 好数字 · → daily
value: qty=$1.39B · date=Q1-2027
[图: Snowflake Inc. (SNOW) Q1 2027 季度财报业绩及未来财务展望信息图 — 实际每股收益 (EPS): $0.39; 预期每股收益 (EPS): $0.32; 实际营收: $1.39B; 预期营收: $1.32B; 2027财年全年产品营收展望: $5,840 million]
📷 原图
<a id="atom-24df1e79ff754d3d"></a>🟦 2026-05-27 X·@AIStockSavvy · FY2027 全年产品营收展望 · 业绩指引/营收
2027财年全年产品营收展望: $5,840 million
tags: 好数字 · → daily
value: qty=$5,840 million · date=FY2027
[图: Snowflake Inc. (SNOW) Q1 2027 季度财报业绩及未来财务展望信息图 — 实际每股收益 (EPS): $0.39; 预期每股收益 (EPS): $0.32; 实际营收: $1.39B; 预期营收: $1.32B; 2027财年全年产品营收展望: $5,840 million]
📷 原图
<a id="atom-1577a14060584de5"></a>🟦 2026-06-07 卖·BofA Brian Fenske · 财报日股价波动 · 股价波动
SNOW's earnings move has been exceptional.
tags: 好信源 · → daily
<a id="atom-122c19a22927ef3e"></a>🟦 2026-04-30 群 · 产品营收增速与云大厂平均增速相关系数0.74 · 营收增速/相关性
2022年以来云大厂平均增速与SNOW产品营收增速的 correlation is about 0.74
tags: 好数字 · → daily
<a id="atom-502d82094c2d2b23"></a>🟦 2026-06-17 newsletter·BNP · 利润率改善 · 利润率
BNP refers to Snowflake's improving profitability as a positive factor.
tags: 好数字 · → daily
value: qty=improving profitability
<a id="atom-17c9c592a0aab183"></a>🟦 2026-06-03 newsletter·SNOW · 盈利指引 · 盈利指引/运营杠杆
Management guides to GAAP profitability by FY28.
tags: 好数字 · → daily
value: qty=GAAP profitable by FY28
<a id="atom-7404a04eda3314c8"></a>🟦 2026-06-01 X·@StockSavvyShay · 股价一个月涨幅 · 价格动态
$SNOW +84%
tags: 好数字 · → daily
value: qty=84% · date=2026-06-01前一个月
📷 原图
<a id="atom-9a068dbdf3d83883"></a>🟦 2026-06-01 X·@FundaAI · 产品营收同比增长率 · 营收
Product revenue grew 34% YoY
tags: 好数字 · → daily
value: qty=34% · date=1Q26
📷 原图
<a id="atom-ecff7a02ba9f3775"></a>🟦 2026-06-01 X·@FundaAI · 全年指引增长率上调 · 业绩指引
the full-year guide was lifted from 27% to 31%
tags: 好数字 · → daily
value: qty=从 27% 到 31% · date=FY26
📷 原图
<a id="atom-85f3513e39b8130e"></a>🟦 2026-06-01 newsletter·SNOW · CoCo编码代理性能 · 产品性能/AI代理
SNOW management: 'CoCo can outperform even the frontier models when it comes to doing operations within Snowflake'
tags: 好信源 · → daily
value: detail=CoCo outperforms frontier models in Snowflake-specific workflows

🟥 多头 takes (bullish) (30)

<a id="atom-cfd942c05d36cf88"></a>🟥 2026-06-05 卖·BofA Brian Fenske · 当前GAAP经营利润预测 vs 目标 · 盈利预期/财报
BofA currently models GAAP operating income of ($264M) for F4Q28, so there could be meaningful upside if Snowflake hits its GAAP profitability goal.
tags: 好数字·好思考 · → daily
value: current_model=-$264M (for F4Q28)
<a id="atom-090ac67ebe1ebde1"></a>🟥 2026-06-03 newsletter·Deutsche Bank · 目标价上调 · 目标价/AI货币化/数据平台
Deutsche Bank Raises PT to $300 from $250 on Snowflake.
tags: 好数字·好观点 · → daily
value: qty=$300 (from $250) · direction=raise
<a id="atom-9d2564066a74b9d3"></a>🟥 2026-05-28 群 · FY27 增长指引 · 营收指引/增长加速
SNOW 指引暗示 FY27 营收增长加速至 31%
tags: 好数字 · → daily
value: qty=31%
<a id="atom-4c1c871d319ecb26"></a>🟥 2026-05-28 X·@FundaAI · Cortex Code 增量收入预测 · 营收预测
Cortex Code alone could contribute 2% of incremental revenue to Snowflake.
tags: 好数字·好观点 · → daily
value: qty=2% of incremental revenue · date=FY26
📷 原图
<a id="atom-b394d77a707d8004"></a>🟥 2026-06-07 卖·BofA Brian Fenske · 目标价 · 目标价/估值
If it can reach the DDOG multiple, it could be a $350 stock; most think $300 is at least a base case (stock is at $240 right now)
tags: 好数字 · → daily
value: qty=$350 (if reach DDOG multiple), $300 base case
<a id="atom-0a0c70a756385a0f"></a>🟥 2026-05-25 X·@FundaAI · 1Q26 Cortex Code 增长轨迹 · 产品发布/营收增长
我们观察到 Cortex Code 的增长轨迹非常乐观
tags: 好观点·好思考 · → daily
📷 原图
<a id="atom-a5c0c66caf9d5489"></a>🟥 2026-05-19 X·@AIStockSavvy · AI需求与执行动能支撑份额增长 · 订单需求/竞争格局
Analyst sees strong AI demand and execution momentum supporting continued share gains.
tags: 好观点·好思考 · → daily
📷 原图
<a id="atom-d372feec8e738f52"></a>🟥 2026-06-09 newsletter·Wells Fargo · 目标价上调 · 目标价
Wells Fargo raised SNOW PT to $320, seeing CoCo pulling forward migrations and supporting 25%+ growth.
tags: 好数字 · → daily
value: qty=$320 · direction=raise
<a id="atom-bcf4fae39d7b6149"></a>🟥 2026-06-09 newsletter·Wells Fargo · 营收增长前景 · 营收预测
Wells Fargo sees AI tools broadening Snowflake’s use cases and supporting sustained 25%+ revenue growth.
tags: 好数字 · → daily
value: qty=25%+ revenue growth
<a id="atom-6ef79f65561b06ef"></a>🟥 2026-06-04 newsletter·Benchmark · 目标价上调 · 目标价
Benchmark raised its PT on SNOW to $290 from $270
tags: 好数字 · → daily
value: qty=$290 (from $270) · direction=raise
<a id="atom-5bd9f943b55b0091"></a>🟥 2026-06-04 newsletter·Benchmark · 盈利路径 · 财报
The analyst believes Snowflake can reach GAAP profitability by FY28
tags: 好数字 · → daily
value: narrative=path to GAAP profitability by FY28
<a id="atom-a074b0c1b26a22ef"></a>🟥 2026-05-19 X·@AIStockSavvy · BofA目标价 · 评级目标价
raises 𝐏𝐓 𝐭𝐨 $𝟐𝟎𝟓
tags: 好数字 · → daily
value: qty=$205 · direction=上调
📷 原图
<a id="atom-cfde606d93bd6738"></a>🟥 2026-06-05 卖·BofA Brian Fenske · AI战略推动使用率 · 需求/AI
AI strategy should drive more usage. New AI products and features announced at the conference make the platform more useful, increasing overall usage and helping drive revenue growth.
tags: 好思考 · → daily
<a id="atom-7976a6ef16b7e1c6"></a>🟥 2026-06-05 卖·BofA Brian Fenske · 帮助客户以更低成本获得更好结果 · 成本/需求
Snowflake helps customers get better results at lower cost. Its built-in AI tools aim to deliver faster and more accurate results while using fewer resources, leading to increased usage and supporting AI-driven demand growth.
tags: 好思考 · → daily
<a id="atom-ff683db35354f4cd"></a>🟥 2026-07-09 卖·BofA Brian Fenske · 多头发起 · 投资推荐/评级调整
BofA在Best Ideas会议上发起SNOW的多头推荐
tags: 好观点 · → daily
<a id="atom-c7500cc5d1497ebf"></a>🟥 2026-07-01 卖·BofA Brian Fenske · 被列为BofA第三季度最佳创意 · 评级调整/最佳创意
SNOW is on the Q3 Best Ideas List.
tags: 好观点 · → daily
value: qty=on Q3 Best Ideas List
<a id="atom-ecad7eaddd4e08db"></a>🟥 2026-07-01 卖·BofA Brian Fenske · 产品营收加速潜力 · 营收增长/AI顺风
Koji Ikeda sees potential for continued Product Rev acceleration, AI tailwinds driving faster consumption, Cortex Code product cycle.
tags: 好观点 · → daily
value: qty=potential for continued Product Rev acceleration
<a id="atom-b5de43c01f74a9b7"></a>🟥 2026-06-29 卖·JPM · 对冲基金社区首选 · 市场偏好/对冲基金持仓
SNOW is the top stack rank order preference amongst the HF community – and I endorse it.
tags: 好观点 · → daily
<a id="atom-8995075dfaf3b42e"></a>🟥 2026-06-29 卖·JPM · Cortex Code 处于起步阶段 · 产品进展
Cortex Code is just getting started…
tags: 好观点 · → daily
<a id="atom-7ea59f45a6961b4b"></a>🟥 2026-06-21 卖·BofA Brian Fenske · 估值比较 · 估值
The stock is trading at 10x Sales, cheaper than DataDog at 15x… AKA re-rate potential.
tags: 好观点 · → daily
<a id="atom-e07815a4f8772c8b"></a>🟥 2026-06-21 卖·BofA Brian Fenske · Cortex Code产品周期 · 产品周期/AI Agent
It was partially driven by an interesting product cycle shaping up: Cortex Code (or CoCo). It’s an AI Coding Agent to democratize tool creation which could drive further consumption.
tags: 好观点 · → daily
<a id="atom-7e421cb3eff65667"></a>🟥 2026-06-10 卖·BofA Brian Fenske [老旧] · 五星软件股入选 · 评级调整
BofA’s KOJI IKEDA THINKS WILL CONTINUE TO WORK INTO 2H: SNOW, DDOG, MDB, TWLO and FROG
tags: 好观点 · → daily
<a id="atom-8fd839ea5566f97c"></a>🟥 2026-06-07 卖·BofA Brian Fenske · 看多逻辑 · 产品周期/AI应用
SNOW feels like a popular long given there are real AI benefits, a Cortex Code product cycle
tags: 好观点 · → daily
<a id="atom-4c514d847a49e836"></a>🟥 2026-06-07 卖·BofA Brian Fenske [老旧] · 分析师推荐 · 分析师推荐
SINGLE STOCKS WE LIKE: TWLO, SNOW
tags: 好观点 · → daily
<a id="atom-6f3402634787a957"></a>🟥 2026-06-05 卖·BofA Brian Fenske [老旧] · 评级重申 · 评级调整
BofA's Koji Ikeda reiterates Buy on SNOW coming out of post-earnings Investor Day
tags: 好观点 · → daily
value: rating=Buy
<a id="atom-c0880e12d61b9725"></a>🟥 2026-06-05 卖·BofA Brian Fenske · 建议客户控制AI成本 · 成本/AI
Managing AI costs is becoming more important, even leading to a new term: token maxing. Snowflake is focused on helping customers control these costs.
tags: 好观点 · → daily
value: term=token maxing
<a id="atom-dac2baf7954ddf22"></a>🟥 2026-06-01 卖·MS Tom Wigg [老旧] · 持仓偏好 · 投资偏好
Other faves: SNOW
tags: 好观点 · → daily
value: type=favorite
<a id="atom-8ba7ed450fb896c9"></a>🟥 2026-05-31 卖·BofA Brian Fenske · 为消费类股票设定更高标杆 · 市场情绪/板块联动
SNOW提前一周为消费类股票设定了更高标杆，拉高了预期、情绪和股价。
tags: 好观点 · → daily
<a id="atom-92382d8e522b520c"></a>🟥 2026-06-08 newsletter·Stifel · 竞争地位 · 竞争/市场份额
Snowflake 竞争地位 vs Databricks 改善
tags: 好思考 · → daily
value: text=vs Databricks 改善
<a id="atom-110c5d6b4b9989c3"></a>🟥 2026-06-04 X·@AIStockSavvy [老旧] · 评级维持 · 评级目标价
Citizens reiterates Market Outperform on Snowflake
tags: 好信源 · → daily
value: qty=Market Outperform
📷 原图

🟥 空头 takes (bearish) (1)

<a id="atom-b1199ae7e446f161"></a>🟥 2026-06-01 X·@TheHimalayanYak [老旧] · reduced exposure · 仓位情绪
reduced some exposure in SNOW (a bit too early in the latter)
tags: 好观点 · → daily

🟥 中性 takes (neutral) (1)

<a id="atom-11f97a2d36ff6d9a"></a>🟥 2026-06-03 卖·MS Tom Wigg · 分析覆盖 · 云计算/数据平台
SNOW covered
tags: 好观点 · → daily

🟦 新闻流 (squawk · 21)

展开新闻流 (FirstSquawk / financialjuice / wallstengine / DeItaone — 快讯, 非原创 take)

<a id="atom-2638dde921fc4691"></a>🟥 2026-05-28 X·@wallstengine · JPMorgan目标价 · 评级目标价
$SNOW $245
tags: 好数字·好信源 · → daily
value: qty=$245 · date=NA
<a id="atom-b31bb4816ee0e118"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 营收 · 营收
Revenue: $1.39B (Est. $1.32B) 🟢; +33% YoY
tags: 好数字 · → daily
value: qty=$1.39B · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-ab496f9b87ef58d2"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 调整后每股收益 · 盈利能力
Adj. EPS: $0.39 (Est. $0.32) 🟢
tags: 好数字 · → daily
value: qty=$0.39 · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-7054c3f6e80e8031"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 产品收入 · 营收
Product Revenue: $1.33B; +34% YoY
tags: 好数字 · → daily
value: qty=$1.33B · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-2a70929a45c4809f"></a>🟦 2026-05-27 X·@wallstengine · 剩余履约义务 · 订单需求
RPO: $9.21B; +38% YoY
tags: 好数字 · → daily
value: qty=$9.21B
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-3708f36f4daa0031"></a>🟦 2026-05-27 X·@wallstengine · Q2 FY27 产品收入指引 · 业绩指引/营收
Q2 Guide: Product Revenue: $1.415B-$1.420B; +30% YoY
tags: 好数字 · → daily
value: qty=$1.415B-$1.420B · date=Q2 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-7b45a9e05a261708"></a>🟦 2026-05-27 X·@wallstengine · FY27 产品收入指引 · 业绩指引/营收
FY Guide: Product Revenue: $5.840B; +31% YoY, up from $5.660B
tags: 好数字 · → daily
value: qty=$5.840B · date=FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-3450ea40a1e92c3f"></a>🟦 2026-05-27 X·@wallstengine · FY27 非GAAP产品毛利率指引 · 毛利率
FY Guide: Non-GAAP Product Gross Margin: 75.0%
tags: 好数字 · → daily
value: qty=75.0% · date=FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-52167107f2905481"></a>🟦 2026-05-27 X·@wallstengine · FY27 非GAAP营业利润率指引 · 盈利能力/业绩指引
FY Guide: Non-GAAP Operating Margin: 13.5%, up from prior 12.5%
tags: 好数字 · → daily
value: qty=13.5% · date=FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-32b813cab6b616bb"></a>🟦 2026-05-27 X·@wallstengine · FY27 经调整FCF利润率指引 · 现金流
FY Guide: Non-GAAP Adjusted FCF Margin: 23.0%
tags: 好数字 · → daily
value: qty=23.0% · date=FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-98a46a452697cd11"></a>🟦 2026-05-27 X·@wallstengine · 净收入留存率 · 客户留存
Net Revenue Retention: 126%
tags: 好数字 · → daily
value: qty=126%
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-a046d66c9055fdd0"></a>🟦 2026-05-27 X·@wallstengine · TTM产品收入超百万美元客户数 · 客户增长
Customers With TTM Product Revenue >$1M: 779; +29% YoY
tags: 好数字 · → daily
value: qty=779
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-d5ac8618490d388f"></a>🟦 2026-05-27 X·@wallstengine · AI 客户帐户数 · 客户增长
Snowflake AI Accounts: 13,600+
tags: 好数字 · → daily
value: qty=13,600+
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-677685583495b81f"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 非GAAP产品毛利率 · 毛利率
Non-GAAP Product Gross Margin: 75.1%
tags: 好数字 · → daily
value: qty=75.1% · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-677e64b0d371d3d0"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 非GAAP营业利润率 · 盈利能力
Non-GAAP Operating Margin: 11.9%
tags: 好数字 · → daily
value: qty=11.9% · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-917638293bcfcdba"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 经营现金流 · 现金流
Operating Cash Flow: $243.2M
tags: 好数字 · → daily
value: qty=$243.2M · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-fcb5224b7324f6d1"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 经调整FCF · 现金流
Adjusted FCF: $265.5M
tags: 好数字 · → daily
value: qty=$265.5M · date=Q1 FY27
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-261bdb52699691e3"></a>🟦 2026-05-27 X·@wallstengine · Q1 FY27 产品收入同比增长创纪录 · 业绩超预期/营收增长
“Snowflake delivered a milestone quarter, with product revenue of $1.33 billion, up 34% year-over-year, marking the strongest sequential dollar growth in our history.”
tags: 好数字·好观点 · → daily
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-59a14184c6baa783"></a>🟦 2026-05-27 X·@wallstengine · AI 驱动增长 · AI 驱动/产品发布
“AI continues to be a powerful tailwind for Snowflake, and Q1 marks a clear inflection point in that journey.”
tags: 好观点 · → daily
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-842b060f87b112f3"></a>🟦 2026-05-27 X·@wallstengine · 上调全年产品收入指引 · 业绩指引/AI 驱动
“Given the strong momentum across both our core platform business and AI business, we are raising our full-year product revenue guidance.”
tags: 好观点 · → daily
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图
<a id="atom-f8e3e6f48802eb49"></a>🟦 2026-05-27 X·@wallstengine · 盘后股价涨幅 · 价格动态
盘后涨幅: +$51.27 (29.25%)
tags: 好数字 · → daily
value: qty=+29.25% · direction=increase
[图: Snowflake (SNOW) 股票价格走势图，显示盘后交易大幅上涨 — 当前价格: $226.58; 盘后涨幅: +$51.27 (29.25%); 收盘价: $175.31; 当日跌幅: -$2.29 (1.29%)]
📷 原图

⏱ 时间轴 (近 20)

🟥 2026-07-09 · position · 多头发起 · → daily
🟥 2026-07-01 · position · 被列为BofA第三季度最佳创意 · → daily
🟥 2026-07-01 · forecast · 产品营收加速潜力 · → daily
🟥 2026-06-29 · narrative · 对冲基金社区首选 · → daily
🟥 2026-06-29 · narrative · Cortex Code 处于起步阶段 · → daily
🟦 2026-06-21 · fact · 产品营收增速 · → daily
🟦 2026-06-21 · fact · 收入加速信号 · → daily
🟥 2026-06-21 · narrative · 估值比较 · → daily
🟥 2026-06-21 · narrative · Cortex Code产品周期 · → daily
🟦 2026-06-18 · fact · 市场担忧Databricks利润率引发股价承压 · → daily
🟦 2026-06-17 · fact · CEO播客 · → daily
🟥 2026-06-17 · narrative · 需求前景 · → daily
🟥 2026-06-17 · narrative · 估值对比 · → daily
🟦 2026-06-17 · fact · 利润率改善 · → daily
🟥 2026-06-10 · position · 五星软件股入选 · → daily
🟥 2026-06-10 · position · 评级上调（被列为优选） · → daily
🟥 2026-06-10 · narrative · AI采用加速 · → daily
🟥 2026-06-09 · narrative · 渠道检查 · → daily
🟥 2026-06-09 · forecast · 目标价上调 · → daily
🟥 2026-06-09 · narrative · AI货币化前景 · → daily

📊 板块级信号 · 软件板块 (43)

*以下是 软件板块 板块的信号 (SNOW 是成员), 非直接针对 SNOW — 供板块上下文参考*

展开板块信号

🟦▲ 2026-05-29 [twitter] · 超额收益维持至1999年底
总体来看，软件较科技板块的超额收益一直维持到了1999年底
🟥▲ 2026-05-11 [chat] · 仓位与基本面
SPX 强劲反弹但仓位仅 62% = 基本面驱动 → 软件股收入加速 + 利润率扩大但仓位为负 = 逆向做多机会
🟦▲ 2026-06-01 [newsletter] · 本月涨幅
软件板块5月涨幅21%
🟦▼ 2026-04-23 [chat] · 很难找到没跌 5% 的，MSFT 是罕见例外
很难找到没跌 5% 的软件股，MSFT 成为罕见例外
🟦▼ 2026-04-23 [twitter] · 估值已大幅下调
软件板块估值已大幅下调
🟦▼ 2026-04-23 [twitter] · 相较普通股票仍存在溢价
但相较普通股票仍存在溢价
🟥▼ 2026-04-08 [chat] · 终端价值重估
机构将软件比作“新的百货大楼” (new dept store)，认为在 AI 替代预期下缺乏买入理由，终端价值 (terminal value) 逻辑被破坏。
🟦▼ 2026-04-19 [chat] · 亚洲投资者共识交易方向
GS 销售指出，亚洲投资者坚守共识交易：做空软件

📊 板块级信号 · Enterprises (15)

*以下是 Enterprises 板块的信号 (SNOW 是成员), 非直接针对 SNOW — 供板块上下文参考*

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🟦▼ 2026-04-28 [twitter] · fraction without systematic AI misbehavior detection
nearly 1 in 3 enterprises has no systematic way to detect a misbehaving AI model until damage is already done.
🟥▼ 2026-05-31 [twitter] · AI 预算成本控制动机
CFOs will be going into shock over AI budgets this year and people are going to be motivated to find cost savings very s
🟦▼ 2026-04-25 [twitter] · AI 模型异常检测能力
And nearly 1 in 3 enterprises has no systematic way to detect a misbehaving AI model until damage is already done.
🟥▲ 2026-06-28 [twitter] · can host Chinese models under their own GPUs so it’s still compliant a
They can host Chinese models under their own GPUs so it’s still compliant and they would argue they have more control.
🟥▲ 2026-06-28 [twitter] · will post train with their own data on top of Chinese models to build
they will post train with their own data on top of Chinese models. That’s how they build data moat.
🟥▼ 2026-06-28 [twitter] · will not trust anthropic due to data retention for safety concerns
They will not trust anthropic who will retain their data at any time for “safety” concerns like how they did with Fable
🟥▼ 2026-06-25 [twitter] · moving off cloud
enterprises are moving off the cloud
🟥▲ 2026-06-25 [twitter] · acquiring compute
enterprises are...acquiring compute

📊 板块级信号 · US equities (4)

*以下是 US equities 板块的信号 (SNOW 是成员), 非直接针对 SNOW — 供板块上下文参考*

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🟦▼ 2026-06-23 [twitter] · market cap erased today
U.S. stocks erased roughly $1 trillion in market value today as a broad-based selloff swept across equities.
🟥▼ 2026-07-01 [twitter] · short entries recommended until October
Short entries until October imo
🟥▼ 2026-07-01 [twitter] · first crash likely November
First crash November ish? Not sure
🟥▼ 2026-06-21 [twitter] · valuation level
record valuations

📊 板块级信号 · SaaS (23)

*以下是 SaaS 板块的信号 (SNOW 是成员), 非直接针对 SNOW — 供板块上下文参考*

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🟥▲ 2026-05-16 [twitter] · 将用独家数据业务流程打造专家模型
SaaS 將開始用自己的：• 獨家數據 • 業務流程 • 行業 know-how 打造純 AI 模型公司做不到的「專家模型」
🟥▼ 2026-05-04 [twitter] · existing business/pricing model is dead
So the existing business/pricing model of software is dead.
🟦▼ 2026-05-25 [twitter] · 股价表现
SaaS limit down on Tuesday morning
🟥▲ 2026-06-08 [sellside] · 历史上在高速增长期也先关注增长而非利润率
People used to applaud SaaS companies growing 41%, deploying Opex toward Hiring aggressively
🟥▲ 2026-05-17 [twitter] · 资本轮动方向
Rotation into SaaS continues?
🟥▼ 2026-06-26 [chat] · 算力成本攀升施压利润率
算力成本攀升将持续施压 SaaS 利润率，除非激进提价或裁员
🟥▼ 2026-06-26 [twitter] · 按席位定价的公司收入承压
every company tied to seat counts is getting crushed. Seat compression is how AI saves customers money, and seat-based S
🟥▲ 2026-06-26 [twitter] · 按变量定价的公司正在获胜
every company selling variably is winning

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