Why Snowflake Stock Is Red Hot on Thursday

At nearly 80 times FCF, Snowflake stock looks really expensive.Snowflake (SNOW 11.38%) stock floated 8.9% higher through 10:25 a.m. ET Thursday after the company posted top- and bottom-line "beats" in its first-quarter earnings report last night.Heading into the report, Wall Street analysts forecast Snowflake to earn $0.21 per share on $1.01 billion in revenue. In fact, Snowflake earned $0.26 per share on sales of $1.04 billion. Snowflake's Q1 earningsThe provider of artificial intelligence (AI) software r ...