herstockart/iStock via Getty Images Investment Thesis Snowflake (NYSE:SNOW) delivered fiscal Q2 2025 earnings, which saw its stock slip 8% after hours. But details matter. It wasn't so much a lack of beats that drove its stock lower because Snowflake not only beat on the top line and the bottom line, but it also revised higher its growth rates for its fiscal year. The issue is that Snowflake carries a premium valuation, while its profitability profile cannot match investors' high expectations. More conc ...