Reported 1 day ago
Warren Buffett's Berkshire Hathaway sold its entire stake in Snowflake (SNOW) earlier this year, just before the company's stock soared 26%. Despite past struggles with revenue growth and a substantial quarterly loss, Snowflake's new focus on artificial intelligence (AI) products and services could signal a bright future. However, some analysts question the stock's high valuation amidst increasing competition, suggesting that while its growth in the AI sector is promising, Buffett's decision to sell might still be justified.
Source: YAHOO