Snowflake Beat Expectations in Q3, but This Is Why I'd Still Avoid the Stock

Snowflake (SNOW -1.85%) stock is showing signs of life after releasing some encouraging quarterly results last month. It's been a tough year for the data storage company, whose CEO retired unexpectedly in February, leading to a stock sell-off. At a time when many artificial intelligence (AI) stocks are thriving, shares of Snowflake remain in negative territory this year.There does appear to be some renewed enthusiasm, however, after the company posted a solid earnings beat, resulting in a big rally in its s ...