Snowflake: Fool Me Once, Fool Me Twice
Snowflake(SNOW) Seeking Alpha·2024-07-12 10:17
inho Lee/iStock via Getty ImagesIntroduction and Investment thesis I’ve been bullish on Snowflake (NYSE:SNOW) shares since the middle of last year, when consumption trends started to stabilize, and the company began to position itself for the AI era. My thesis seemed to work out well until the company announced the replacement of former renowned CEO, Frank Slootman, and provided a disappointing guidance for FY25 at the end of February. Since then, shares underperformed the S&P500 by a very wide margin, ...