Snowflake Inc. (SNOW)
Snowflake Inc. (SNOW) CEO Sridhar Ramaswamy presents at UBS Global Technology and AI Conference (Transcript)
Snowflake Inc. (NYSE:SNOW ) UBS Global Technology and AI Conference December 3, 2024 4:55 PM ET Company Participants Sridhar Ramaswamy - CEO Conference Call Participants Karl Keirstead - UBS Karl Keirstead Okay, well let's get started. Nice little crowd, Sridhar.
Is Snowflake a Buy After Its Stock Soared 30%?
Snowflake (SNOW 0.63%) isn't having the best of years. The stock is down 11% in 2024, by far underperforming major indices.
Is Snowflake Stock a Buy Now?
Shares of Snowflake (SNOW 0.63%) have been in the doghouse for the majority of 2024 as concerns regarding the data cloud platform provider's slowing growth and expensive valuation have weighed on the stock, but its latest quarterly results have infused new life into this beaten-down technology company.
Snowflake: AI Evolution Overplayed
Snowflake Inc.'s stock surged post-FQ3 earnings but remains overvalued based on limited AI revenue and decelerating growth. The company is only targeting 23% YoY growth in FQ4 despite the investor excitement. The stock's rally is driven by AI hype and multiple expansions, pushing the valuation similar to pre-IPO Databricks with up to double the growth rates.
Snowflake: From Foolish Hope To Promising Turnaround (Rating Upgrade)
Snowflake Inc.'s shares have been in the penalty box over the year, but the publication of Q3 earnings changed the picture. The company's core data warehousing business and emerging products like Snowpark, Cortex AI, and Iceberg tables are gaining traction, driving future growth. Despite the 30% post-earnings surge, SNOW's shares trade discounted compared to some high-growth SaaS peers, indicating room for further upside.
Next 'AI party' phase is coming to boost software firms like Snowflake, Elastic, Palantir
Artificial intelligence sector names Snowflake (NYSE:SNOW) and Elastic (NYSE:ESTC) were upgraded to a positive rating by Wedbush on Tuesday as it sees opportunities for other software players to "get in on the AI party" as further uses for the technology emerge. The brokerage reflected confidence in the next phase of the AI revolution, namely the "enterprise consumption phase", with launch of large language models (LLMs) for thousands of companies and further adoption of generative AI that it reckons "will be a major catalyst for the software sector and key players".
Snowflake Rises Post Q3 Earnings: How Should You Play the Stock?
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Is It Too Late to Buy Snowflake Stock?
After struggling since the spring, Snowflake (SNOW 2.38%) stock has surged much higher following the release of earnings for its fiscal 2025's third quarter (ended Oct. 31). After an abrupt leadership change and questions about how well it could compete amid the rise of artificial intelligence (AI), the company is again winning over customers and investors.
Did Warren Buffett Dump This Artificial Intelligence (AI) Stock Too Soon? It's Up 26% Since Berkshire Hathaway Hit the Sell Button.
Warren Buffett is the CEO of Berkshire Hathaway (BRK.A 0.30%) (BRK.B 0.18%). Over his 59-year tenure, Berkshire stock has delivered a compound annual return of 19.8%, almost twice the average annual return in the S&P 500 over the same period.
From Data To Insights: Snowflake's AI Evolution And Investment Potential
Snowflake's stock struggled earlier in the year due to disappointing FY 2025 guidance and CEO Frank Slootman's retirement. New CEO Sridhar Ramaswamy's AI expertise aims to close the gap with Databricks and achieve Snowflake's ambitious $10 billion revenue goal by FY 2029. Snowflake Cortex enhances data workflows with AI but lacks the advanced functionality of Databricks Mosaic AI, necessitating further investment in AI capabilities.
Could Snowflake Stock Help You Become a Millionaire?
Snowflake's (SNOW 2.38%) stock soared 33% on Nov. 21 after the cloud-based data warehouse provider posted its latest earnings report. For the third quarter of fiscal 2025, which ended on Oct. 31, its revenue rose 28% year over year to $942.1 million and exceeded analysts' expectations by $43.6 million.
