May 22 (Reuters) - Snowflake forecast second-quarter product revenue above Wall Street estimates on Wednesday, as demand for its cloud-based services stays strong amid a surge in use of generative artificial intelligence.

The Bozeman, Montana-based company forecast product revenue in the range of $805 million to $810 million for the second quarter, above analysts' average estimate of $785 million, according to LSEG data. (Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)