Reported 5 months ago
The article discusses Snowflake, an Artificial Intelligence (AI) stock that has recently dropped 30% from its 2024 highs. Despite this decline, the author suggests that now is a good time to consider investing in the company. Snowflake's business model revolves around the data cloud, which is crucial for AI development, making it a key player in the industry's growth. While there were concerns over changes in leadership and weaker revenue guidance, the author believes that the long-term prospects for Snowflake remain strong. The company is set to announce its Q1 results, and the author anticipates a positive reaction from investors, potentially leading to a surge in the stock price.
Source: YAHOO