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Why Snowflake Surged 17% in October

TheMotleyFool

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Why Snowflake Surged 17% in OctoberPhoto, wide shot, wide-angle lens, Cloud computing provider, sunset photo at golden hour, photo by Thomas Heaton: https://img.theapi.app/temp/8d7b6619-8b3b-4e9e-b659-68643d72528e.png

Shares of cloud-based data warehousing company Snowflake (NYSE: SNOW) surged 17% in October, according to data from S&P Global Market Intelligence.

Snowflake didn't report earnings in October, but the tech sector bounced back broadly from a September swoon. Moreover, several other cloud companies did report during the month, mostly with strong growth.

In addition, Snowflake announced a new partnership with another high-powered enterprise tech company, boosting optimism around their combined offerings.

Source Fool.com

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