Snowflake Inc. shares jumped 23% to around $382 after beating earnings estimates and lifting its fiscal 2027 product revenue forecast to $6.07 billion from $5.84 billion. CEO Sridhar Ramaswamy highlighted AI tools driving growth across the core platform via a compounding flywheel effect. The move added roughly $25 billion in market value as shares hit their highest level since December 2021 and rose 39% for the year. The rally spilled into peers including ServiceNow, Salesforce, Adobe and Atlassian, which gained between 3.5% and 6%, while the iShares Expanded Tech-Software Sector ETF added 3%. At least 34 brokerages raised price targets following the results, with Wells Fargo setting a Street-high at $525. The stock trades at 15 times forward revenue, well above the software-sector average of 7.4 times, and at 121.8 times forward earnings.