Snowflake AI Rally Sends This 2X ETF Up 45% - T-REX 2X Long SNOW Daily Target ETF (BATS:SNOU)

The T-Rex 2X Long SNOW Daily Target ETF (BATS:SNOU) jumped sharply on Thursday as Snowflake Inc. shares surged more than 22% after a strong fiscal second-quarter report and upbeat guidance. SNOU was up 38.45% to $79.21 by Thursday afternoon, after opening at $83.36 and briefly trading as high as $86, with volume around 0.4 million shares. The rally pushed the ETF near its 52-week high of $85.51, far above its prior 52-week low of $10.51. Year to date, SNOU is up more than 91% and up 248% over six months. The underlying driver was Snowflake’s accelerating growth and AI-focused strategy, including raised fiscal 2027 product revenue guidance to $6.07 billion. Analysts also adjusted price targets upward. The piece notes the ETF’s 2x daily leverage amplifies both gains and declines.