May 28, 2026 06:38 PM seekingalpha.com Positive

ETFs with high Snowflake exposure in spotlight after earnings rally

AIBU AMZN BGRO CLOU DAT DUNK FDN GPTY LOUP LRNZ RVER SNOW TSCM WISE

[Snowflake corporate headquarters in Silicon Valley]
Sundry Photography/iStock Editorial via Getty Images

Snowflake (SNOW [https://seekingalpha.com/symbol/SNOW]) surged 38% in premarket trading Thursday after the cloud data company delivered stronger-than-expected fiscal first-quarter 2027 results and announced a major long-term AI infrastructure deal with Amazon Web Services (AMZN [https://seekingalpha.com/symbol/AMZN]).

The rally comes despite Snowflake shares remaining down roughly 20% year to date entering the session, making the sharp rebound particularly notable for ETFs with sizable exposure to the stock.

Revenue rose 33% year over year to $1.39B, topping analyst estimates of $1.32B, while adjusted earnings per share came in at $0.39, ahead of the $0.32 consensus estimate.

Snowflake also disclosed a five-year agreement with Amazon Web Services to spend $6B on Graviton compute and AI infrastructure, underscoring growing enterprise demand for data analytics and AI workloads.

ETFS WITH NOTABLE EXPOSURE TO SNOWFLAKE INCLUDE (249 ETFS HOLD SNOW, AS PER ETF.COM):

* Dana Unconstrained Equity ETF (DUNK [https://seekingalpha.com/symbol/DUNK]) — 7.97% allocation (as of May 28, 2026) | -1.83% YTD
* Global X Cloud Computing ETF (CLOU [https://seekingalpha.com/symbol/CLOU]) — 4.76% allocation (as of May 27, 2026) | -1.59% YTD
* TrueShares Technology, AI & Deep Learning ETF (LRNZ [https://seekingalpha.com/symbol/LRNZ]) — 4.67% allocation (as of May 27, 2026) | +15.72% YTD
* Trenchless Fund ETF (RVER [https://seekingalpha.com/symbol/RVER]) — 4.6% allocation (as of May 28, 2026) | +5.73% YTD
* ProShares Big Data Refiners ETF (DAT [https://seekingalpha.com/symbol/DAT]) — 4.19% allocation (as of May 27, 2026) | -11.45% YTD
* Direxion Daily AI and Big Data Bull 2X Shares (AIBU [https://seekingalpha.com/symbol/AIBU]) — 3.8% allocation (as of May 28, 2026) | +31.79% YTD
* YieldMax AI & Tech Portfolio Option Income ETF (GPTY [https://seekingalpha.com/symbol/GPTY]) — 3.55% allocation (as of May 28, 2026) | +9.39% YTD
* iShares Large Cap Growth Active ETF (BGRO [https://seekingalpha.com/symbol/BGRO]) — 3.61% allocation (as of May 26, 2026) | +10.88% YTD
* Innovator Deepwater Frontier Tech ETF (LOUP [https://seekingalpha.com/symbol/LOUP]) — 3.43% allocation (as of May 28, 2026) | +20.0% YTD
* TimesSquare Quality Mid Cap Growth ETF (TSCM [https://seekingalpha.com/symbol/TSCM]) — 3.38% allocation (as of May 27, 2026) | -0.8% YTD
* Themes Generative Artificial Intelligence ETF (WISE [https://seekingalpha.com/symbol/WISE]) — 3.36% allocation (as of May 28, 2026) | +4.8% YTD
* First Trust Dow Jones Internet Index Fund ETF (FDN [https://seekingalpha.com/symbol/FDN]) — 2.7% allocation (as of May 28, 2026) | +1.9% YTD

MORE ON SNOWFLAKE, PROSHARES BIG DATA REFINERS ETF, ETC.

* Snowflake Inc. 2027 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4909377-snowflake-inc-2027-q1-results-earnings-call-presentation]
* Snowflake: A Great Time To Buy While The Market Got It Wrong [https://seekingalpha.com/article/4908007-snowflake-great-time-to-buy-while-market-got-it-wrong]
* Snowflake: Market Concerns Shift Rating To Hold (Rating Downgrade) [https://seekingalpha.com/article/4905242-snowflake-market-concerns-shift-rating-to-hold-rating-downgrade]
* Snowflake surges 35% after Q1 results see bullish views from analysts [https://seekingalpha.com/news/4597764-snowflake-surges-35-after-q1-results-see-bullish-views-from-analysts]
* Snowflake skyrockets after Q1 report features Natoma acquisition and AWS deal [https://seekingalpha.com/news/4597586-snowflake-skyrockets-after-q1-report-features-33-revenue-gain-natoma-acquisition-aws-deal]