eravau/E+ via Getty Images Investment Thesis Snowflake (NYSE:SNOW) finds itself in an unfamiliar place nowadays. The maker of cloud data services and products has seen the pace of growth in its widely appreciated namesake cloud data product platform slow down drastically from its days of delivering almost 2x revenue with every quarter that used to go by. Then, in a shock announcement, its ex-CEO, Frank Slootman, announced his sudden retirement, zapping investors. Markets have not taken the recent developmen ...

Snowflake (NYSE:SNOW) is seeing shares decline amid a data-compromising controversy. Indeed, an unknown number of users may have been affected by the so-called Snowflake data breach, which appears to have stemmed from the use of single-factor authentication (SFA) as opposed to more rigorous multi-factor authentication (MFA). Now, SNOW stock is bearing the brunt of the damage today.At the beginning of the month, Australian authorities warned about the increased threat of cyberattacks targeting Snowflake cust ...

Snowflake's stock is near all-time lows in both price and valuation.The word "cheapest" in reference to stocks can mean many things. For example, it could indicate a stock price or its valuation. Snowflake (SNOW -0.63%) is at or near all-time lows in both of these metrics. Some may see this as a problem, as nobody wants to catch a falling knife. Others may see it as a buying opportunity, as it's not often you can pick up shares at a discount to historical valuation levels.So, is it time to buy Snowflake sto ...

Snowflake Inc. (SNOW) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned -15.3%, compared to the Zacks S&P 500 composite's +3.5% change. During this period, the Zacks Internet - Software industry, which Snowflake falls in, has gained 0.4%. The key question now is: What could be the stock's future direction?Whil ...

NEW YORK, NY - MAY 10: Senior Vice President of Advertising and Commerce at Google Sridhar ... [+] Ramaswamy speaks onstage during TechCrunch Disrupt NY 2016 at Brooklyn Cruise Terminal on May 10, 2016 in New York City. (Photo by Noam Galai/Getty Images for TechCrunch)gettyShares of data cloud service provider Snowflake have fallen hard since Frank Slootman — who led the company’s boffo 2020 IPO — handed the CEO job to Sridhar Ramaswamy.Does the 28% drop in Snowflake’s stock this year make it a bargain? I t ...

SAN FRANCISCO, June 05, 2024 (GLOBE NEWSWIRE) -- Qlik®, a global leader in data integration, analytics, and artificial intelligence (AI), today announced at Snowflake Data Cloud Summit 2024 expanded capabilities with the Snowflake Data Cloud through its adoption of Snowflake Cortex AI. This strategic development enriches Qlik's capabilities, leveraging Cortex AI functions, including vectoring, embedding, and completions within the RAG architecture. Announced during Snowflake Data Cloud Summit 2024, this col ...

REDWOOD CITY, Calif., June 04, 2024 (GLOBE NEWSWIRE) -- Alation Inc., the data intelligence company, today announced at Snowflake’s annual user conference, Snowflake Data Cloud Summit 2024, a deepened integration with Snowflake Horizon to increase data quality and deliver AI-ready data for organizations. Alation’s Open Data Quality Framework, now supports integration with Snowflake Horizon, enabling organizations to proactively detect and address data quality issues before they impact business or data opera ...

Snowflake (SNOW) recently announced a new partnership with NVIDIA (NVDA) that will help customers and partners build customized AI data applications in its platform powered by NVIDIA AI.Snowflake has adopted NVIDIA AI Enterprise software to integrate NeMo Retriever microservices into Snowflake Cortex AI, its fully managed large language model (LLM) and vector search service. The integration will help enterprises to smoothly connect custom models to diverse business data and deliver highly accurate responses ...

Sundry Photography Since I last wrote about the data platform Snowflake (NYSE: SNOW) with a buy recommendation on March 4, 2024, it has been a downhill ride. The stock is down 23.46% compared to the S&P 500 Index (SPX), down 2.86% over the same period. When the company released its first quarter fiscal year ("FY") 2025 earnings report on May 22, 2024, it mostly added to the sour investor sentiment surrounding the company. The market was disappointed that the company missed analysts' non-GAAP (Generally ...

It's not enough just to spot the big trends because those trends won't benefit all businesses equally.Imagine a glob of wet cement and a stick of butter sitting side by side in the middle of the street on a hot summer day in Florida. Both objects are experiencing the exact same thing -- intense heat -- but how they respond to their environment couldn't be more different. The cement hardens. The butter melts.Investing can be like that too, sometimes. Businesses can lean into the exact same secular tailwinds ...