Reported about 2 months ago
Shares of Snowflake (SNOW) fell as they reported strong second-quarter results and raised their full-year revenue guidance. Analyst Brent Thill notes that 2024 is a 'pit stop' year for the company, amidst leadership changes and a broader business model. While there's concern over competition in AI, increasing backlog signings suggest future revenue growth, indicating a potentially positive outlook despite current stock valuation risks.
Source: YAHOO