Ramaswamy was seen as a leader who could help Snowflake maintain an edge in the AI world. On the Q3 2025 earnings call, he mentioned how numerous customers cited Snowflake's ease of use and the quickness with which they derive value from its software, giving Snowflake a competitive advantage over its peers.

Then investors got something to cheer about in its results and the stock skyrocketed higher. Let's take a closer look at the cloud-based data warehousing company's Q3 earnings results to see if the turnaround in the stock can continue.

Snowflake stock is surging Thursday after cloud company beat expectations for its third quarter and raised its full-year outlook. Here's what you need to know.