Has Snowflake's Stock Reached a Bottom?
Snowflake(SNOW) The Motley Fool·2024-08-29 21:34
Snowflake is still growing at around 30%, but its losses are also rising.While many tech and artificial intelligence stocks have been flying high this year, Snowflake (SNOW 2.22%) is going in the opposite direction. Down 43% year to date, the cloud computing stock vastly underperformed the market -- the S&P 500 rallied 17% this year.Snowflake's business faced multiple headwinds this year. It was involved in a data breach and investors weren't excited with a change in the CEO position that took place months ...