Reported 16 days ago
During a recent investor conference, Snowflake's CFO Mike Scarpelli stated he won't purchase more GPUs for AI unless there's revenue to support it. This cautious approach comes as the company grapples with rising expenses while growth projections remain strong but underwhelming, challenging the earlier expectations tied to AI. His statement highlights a shift towards scrutinizing spending, which could signal a more efficient future for the company's stock.
Source: YAHOO