diff --git a/assets/css/js_interop.css b/assets/css/js_interop.css
index 5afa62adc..3caf518cf 100644
--- a/assets/css/js_interop.css
+++ b/assets/css/js_interop.css
@@ -13,6 +13,10 @@ solely client-side operations.
   @apply hidden;
 }
 
+[phx-hook="Highlight"][data-highlighted] > [data-source] {
+  @apply hidden;
+}
+
 /* === Session === */
 
 [data-element="session"]:not([data-js-insert-mode])
diff --git a/assets/js/highlight/index.js b/assets/js/highlight/index.js
index 00b070a42..5e0ea0420 100644
--- a/assets/js/highlight/index.js
+++ b/assets/js/highlight/index.js
@@ -1,5 +1,6 @@
 import { getAttributeOrThrow } from "../lib/attribute";
 import { highlight } from "../cell/live_editor/monaco";
+import { findChildOrThrow } from "../lib/utils";
 
 /**
  * A hook used to highlight source code in the root element.
@@ -7,18 +8,45 @@ import { highlight } from "../cell/live_editor/monaco";
  * Configuration:
  *
  *   * `data-language` - language of the source code
+ *
+ * The element should have two children:
+ *
+ *   * one annotated with `data-source` attribute, it should contain
+ *     the source code to be highlighted
+ *
+ *   * one annotated with `data-target` where the highlighted code
+ *     is rendered
  */
 const Highlight = {
   mounted() {
     this.props = getProps(this);
+    this.state = {
+      sourceElement: null,
+      originalElement: null,
+    };
 
-    highlightIn(this.el, this.props.language);
+    this.state.sourceElement = findChildOrThrow(this.el, "[data-source]");
+    this.state.targetElement = findChildOrThrow(this.el, "[data-target]");
+
+    highlightInto(
+      this.state.targetElement,
+      this.state.sourceElement,
+      this.props.language
+    ).then(() => {
+      this.el.setAttribute("data-highlighted", "true");
+    });
   },
 
   updated() {
     this.props = getProps(this);
 
-    highlightIn(this.el, this.props.language);
+    highlightInto(
+      this.state.targetElement,
+      this.state.sourceElement,
+      this.props.language
+    ).then(() => {
+      this.el.setAttribute("data-highlighted", "true");
+    });
   },
 };
 
@@ -28,11 +56,11 @@ function getProps(hook) {
   };
 }
 
-function highlightIn(element, language) {
-  const code = element.innerText;
+function highlightInto(targetElement, sourceElement, language) {
+  const code = sourceElement.innerText;
 
-  highlight(code, language).then((html) => {
-    element.innerHTML = html;
+  return highlight(code, language).then((html) => {
+    targetElement.innerHTML = html;
   });
 }
 
diff --git a/assets/js/lib/utils.js b/assets/js/lib/utils.js
index 84b1fe55d..820ecd73b 100644
--- a/assets/js/lib/utils.js
+++ b/assets/js/lib/utils.js
@@ -103,3 +103,15 @@ export function throttle(fn, windowMs) {
     }
   };
 }
+
+export function findChildOrThrow(element, selector) {
+  const child = element.querySelector(selector);
+
+  if (!child) {
+    throw new Error(
+      `expected a child matching ${selector}, but none was found`
+    );
+  }
+
+  return child;
+}
diff --git a/assets/js/virtualized_lines/index.js b/assets/js/virtualized_lines/index.js
index c6d2277fc..4b5af5669 100644
--- a/assets/js/virtualized_lines/index.js
+++ b/assets/js/virtualized_lines/index.js
@@ -4,7 +4,7 @@ import {
   parseBoolean,
   parseInteger,
 } from "../lib/attribute";
-import { getLineHeight } from "../lib/utils";
+import { findChildOrThrow, getLineHeight } from "../lib/utils";
 
 /**
  * A hook used to render text lines as a virtual list,
@@ -37,21 +37,8 @@ const VirtualizedLines = {
 
     this.state.lineHeight = getLineHeight(this.el);
 
-    this.state.templateElement = this.el.querySelector("[data-template]");
-
-    if (!this.state.templateElement) {
-      throw new Error(
-        "VirtualizedLines must have a child with data-template attribute"
-      );
-    }
-
-    this.state.contentElement = this.el.querySelector("[data-content]");
-
-    if (!this.state.contentElement) {
-      throw new Error(
-        "VirtualizedLines must have a child with data-content attribute"
-      );
-    }
+    this.state.templateElement = findChildOrThrow(this.el, "[data-template]");
+    this.state.contentElement = findChildOrThrow(this.el, "[data-content]");
 
     const config = hyperListConfig(
       this.state.contentElement,
diff --git a/lib/livebook_web/helpers.ex b/lib/livebook_web/helpers.ex
index 29d4dbd61..92f9d3af8 100644
--- a/lib/livebook_web/helpers.ex
+++ b/lib/livebook_web/helpers.ex
@@ -214,4 +214,26 @@ defmodule LivebookWeb.Helpers do
     </button>
     """
   end
+
+  @doc """
+  Renders a highlighted code snippet.
+
+  ## Examples
+
+      <.code_preview
+        source_id="my-snippet"
+        language="elixir"
+        source="System.version()" />
+  """
+  def code_preview(assigns) do
+    ~H"""
+    <div class="markdown">
+      <pre><code
+        class="tiny-scrollbar"
+        id={"#{@source_id}-highlight"}
+        phx-hook="Highlight"
+        data-language={@language}><div id={@source_id} data-source><%= @source %></div><div data-target></div></code></pre>
+    </div>
+    """
+  end
 end
diff --git a/lib/livebook_web/live/session_live/bin_component.ex b/lib/livebook_web/live/session_live/bin_component.ex
index a5fa4cad6..2119d53fe 100644
--- a/lib/livebook_web/live/session_live/bin_component.ex
+++ b/lib/livebook_web/live/session_live/bin_component.ex
@@ -88,12 +88,10 @@ defmodule LivebookWeb.SessionLive.BinComponent do
                     </span>
                   </div>
                 </div>
-                <div class="markdown">
-                  <pre><code
-                    id={"bin-cell-#{cell.id}-source"}
-                    phx-hook="Highlight"
-                    data-language={Cell.type(cell)}><%= cell.source %></code></pre>
-                </div>
+                <.code_preview
+                  source_id={"bin-cell-#{cell.id}-source"}
+                  language={Cell.type(cell)}
+                  source={cell.source} />
               </div>
             <% end %>
             <%= if length(@matching_entries) > @limit do %>
diff --git a/lib/livebook_web/live/session_live/export_elixir_component.ex b/lib/livebook_web/live/session_live/export_elixir_component.ex
index 33787a400..3ba240b1d 100644
--- a/lib/livebook_web/live/session_live/export_elixir_component.ex
+++ b/lib/livebook_web/live/session_live/export_elixir_component.ex
@@ -47,13 +47,10 @@ defmodule LivebookWeb.SessionLive.ExportElixirComponent do
             </span>
           </div>
         </div>
-        <div class="markdown">
-          <pre><code
-            class="tiny-scrollbar"
-            id="export-notebook-source"
-            phx-hook="Highlight"
-            data-language="elixir"><%= @source %></code></pre>
-        </div>
+        <.code_preview
+          source_id="export-notebook-source"
+          language="elixir"
+          source={@source} />
       </div>
     </div>
     """
diff --git a/lib/livebook_web/live/session_live/export_live_markdown_component.ex b/lib/livebook_web/live/session_live/export_live_markdown_component.ex
index 70ccf1974..279c8053f 100644
--- a/lib/livebook_web/live/session_live/export_live_markdown_component.ex
+++ b/lib/livebook_web/live/session_live/export_live_markdown_component.ex
@@ -37,11 +37,10 @@ defmodule LivebookWeb.SessionLive.ExportLiveMarkdownComponent do
         </div>
       </div>
       <div class="markdown">
-        <pre><code
-          class="tiny-scrollbar"
-          id="export-notebook-source"
-          phx-hook="Highlight"
-          data-language="markdown"><%= @source %></code></pre>
+      <.code_preview
+        source_id="export-notebook-source"
+        language="markdown"
+        source={@source} />
       </div>
     </div>
     """