Snowflake Inc. (SNOW) ended the recent trading session at $184.96, demonstrating a -0.86% swing from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.43%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 0.47%.The the stock of company has risen by 5.11% in the past month, leading the Computer and Technology sector's gain of 0.32% and the S&P 500's gain of 2.6%.The investment community will be paying close attention to the earnings performance of Snowflake Inc. ...

Snowflake (NYSE: SNOW ) is currently almost 20% more expensive than it was when my previous 'Strong buy' recommendation was published . The company reports its quarterly earnings soon, and I see several reasons for optimism. IComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel v ...

Snowflake Inc (NYSE:SNOW) stock was last seen 3% higher at $193.50 in pre-market trading, after Wolfe Research upgraded its rating to "outperform" from "peer perform" with a price target of $235. The analyst cited improving consumption trends, a better competitive environment among hyperscalers, and strong product momentum ahead of the cloud company's fourth-quarter earnings on Feb. 26. Fresh off its seventh consecutive weekly gain, SNOW already boasts a 21.5% year-to-date lead. The equity has added 48.9% o ...

As companies compete for dominance in the booming artificial intelligence (AI) sector, investment strategist Shay Boloor has highlighted what he believes is an undervalued stock in this space poised to catch investors’ attention.To this end, the expert pointed out that American cloud-based data storage firm Snowflake (NYSE: SNOW) is the next AI stock to watch, citing the equity’s underlying fundamentals, Boloor said in an X post on February 16.Boloor sees SNOW as the “engine for AI-driven data liquidity,” a ...

Core Viewpoint - Snowflake is showing signs of a potential bullish shift, primarily driven by its advancements in the artificial intelligence (AI) sector, despite recent stock struggles [1][2]. Group 1: Stock Performance - Snowflake's stock (SNOW) has gained 21% year to date, closing at $187.60, as it attempts to recover from an 18% loss over the past year [2]. - The stock is breaking out of a long-term descending trendline that has acted as resistance since early 2022, indicating a potential upward movement [4]. - Insider buying activity, including a $10 million purchase by a director and a $5 million purchase by the CEO, suggests growing confidence in the company's prospects [5]. Group 2: Financial Performance - In the most recent quarter ending October 31, 2024, Snowflake reported adjusted earnings of $0.20 per share, exceeding analyst expectations of $0.15, and revenue of $942 million, surpassing estimates of $897 million [6]. - The company experienced a 28% year-over-year revenue growth, although its net loss widened to $324.3 million compared to $214.3 million in the same period last year [7]. - Future revenue projections include $955.84 million for the January 2025 quarter, a 23.38% increase year over year, and $3.59 billion for fiscal 2025, reflecting a 28.09% growth [8]. Group 3: AI and Market Potential - Snowflake's AI capabilities are a significant driver of its growth, with over 1,000 deployed use cases and more than 3,200 accounts utilizing its AI features [1][10]. - The company’s AI-powered solutions allow users to interact with data using natural language processing, enhancing user experience and positioning Snowflake for increased interest [10]. - The total addressable market for Snowflake is expected to double to $342 billion by 2028, indicating substantial growth potential [10].

Snowflake (SNOW) shares have surged 21.7% year to date, outperforming the Zacks Computer and Technology sector’s appreciation of 1.6% and the Zacks Internet Software industry’s return of 19.3%. Snowflake’s prospects are robust, driven by a strong portfolio and an expanding partner base. The company has been benefiting from strong Artificial Intelligence (AI) adoption. At the end of the third quarter of fiscal 2025, SNOW had more than 1,000 deployed use cases. Currently, more than 3,200 accounts use SNOW’s A ...

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Snowflake's (NYSE: SNOW ) stock is currently 57% more expensive than it was on November 6 when I shared my initial bullish call. I think that a lot of important events have happened since then, meaning thatAs an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and actively seek out opportunities that align with my r ...

Core Insights - The Iceberg Summit 2025 will take place as a hybrid event on April 8-9, 2025, in San Francisco, California, featuring both in-person and virtual attendance options [1][2] - The summit aims to promote Apache Iceberg as a foundational technology for modern data stacks, bringing together industry leaders and data professionals to collaborate and share insights [1][2] Event Details - The summit will include a call for speakers, inviting thought leaders and technical experts to propose sessions by February 9, 2025 [3] - Attendees will have access to best practices, case studies, and insights into the latest advancements in Iceberg, as well as opportunities to connect with a global community of data professionals [6][7] Industry Impact - Apache Iceberg is recognized for its open-source collaboration, providing a robust, vendor-neutral data format that ensures interoperability and future-proofing for organizations [4][5] - The technology supports complex data structures and versioned datasets, enabling high-performance querying and efficient data operations at scale [9] Organizers and Sponsors - The event is organized and sponsored by major industry players including AWS, Dremio, Microsoft, and Snowflake, highlighting their commitment to advancing open data architectures [1][10][11][12][13]

Core Insights - Snowflake's stock has increased by approximately 7% over the past five trading days, showing resilience against broader tech market sell-offs following the introduction of the Chinese AI model DeepSeek [1] - The company is positioned to benefit from the cost-effective nature of DeepSeek, which could enhance AI deployment without directly selling AI computing capacity [1] Group 1: Snowflake's Business Model and Market Position - Snowflake operates as a cloud-based data platform, providing storage and computing solutions that facilitate efficient data analysis and management, serving as an alternative to on-premise data warehouses [3] - The company does not own its infrastructure and focuses on data warehousing and analytics rather than selling compute capacity, purchasing computing and storage from major cloud providers like Amazon and Microsoft [3] - The introduction of more efficient AI models could help Snowflake reduce costs and improve margins, insulating the company from potential changes in computing infrastructure [3] Group 2: Impact of DeepSeek on the Industry - DeepSeek's approach emphasizes software-driven resource optimization, potentially lowering the computing capacity required for AI tasks, with training costs significantly lower than those of competitors like OpenAI [2] - The open-source nature of DeepSeek's methods may lead AI companies to adopt these techniques, potentially reducing demand for AI semiconductors and GPUs [2] Group 3: Opportunities for Snowflake - The trend towards lower costs for large language models could lower barriers to AI adoption for end customers, positioning Snowflake to benefit from increased demand for its data storage and processing services [4] - Snowflake plans to add DeepSeek models to its AI model marketplace, responding to customer inquiries and enhancing its offerings in the AI space [4] - The company has over 1,000 generative AI use cases deployed on its platform, with more than 3,200 customers utilizing its services for AI applications, indicating strong market engagement [4] Group 4: Stock Performance and Valuation - Snowflake's stock performance has been volatile over the past four years, with annual returns of 20% in 2021, -58% in 2022, 39% in 2023, and -22% in 2024, contrasting with the more stable performance of the Trefis High Quality Portfolio [5] - Current valuation estimates for Snowflake are around $180 per share, aligning closely with the market price [5]