Snowflake: Competition Threats And Longer Path To Profitability
SNOWSnowflake(SNOW) Seeking Alpha·2024-08-13 15:16
loops7 Executive Summary Snowflake (NYSE:SNOW) stocks are currently trading above their fair market price. Despite having brought a breath of fresh air to the data industry, in recent times, Snowflake’s solutions have fallen behind its competitors, which heavily invested in more comprehensive machine learning solutions making it a natural fit for the advent of AI. Lack of competitiveness and declining revenue growth, forced Snowflake’s management into pursuing a capital-intensive strategy to catch up wi ...