Snowflake Q2 Earnings: AI Winter Hits Hard And Fast (Rating Downgrade)

J Studios Snowflake's AI Winter Snowflake Inc. (NYSE:SNOW) investors felt the AI winter in August 2024, as the stock of the data lakehouse company scored a new low. The recent dip-buying from SNOW's August lows saw a significant reversal this week as investors reassessed Snowflake's weak guidance at its recent earnings scorecard. The company posted a double-beat in Snowflake's FQ2 earnings release, although its outlook likely disappointed the market. SNOW's guidance suggests that FQ3's revenue is expect ...