Why Snowflake Surged 17% in October

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. 

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Source Fool.com