New Delhi, Sept. 3 -- Shares of Snowflake climbed sharply on Thursday, 3 September, after the cloud data analytics firm beat Wall Street estimates for its quarterly results and raised its full-year product revenue forecast, driven by growing demand for its cloud data platform and artificial intelligence offerings.

The stock opened the session with a massive gap-up at $337 per share, compared with its previous close of $306. Buying momentum strengthened further in early trade, pushing the stock to $384 apiece, its highest level since late December 2021 and representing a gain of about 26% from Wednesday's closing price.

If the gains are sustained through the closing bell, the rally would mark Snowflake's biggest single-day surge since Ma...