The Latest Breaking News from Snowflake Inc

While the Nasdaq Composite gained over the past month, the gains might not sustain amid the challenging macroeconomic backdrop. Moreover, the anticipated continuation of rate hikes and mass layoffs is making investors anxious. Given the uncertain outlook, fundamentally weak tech stocks Snowflake (SNOW), Affirm Holdings (AFRM), PAR Technology (PAR), and…

Last year has been painful for the stock market due to rampant inflation and rate hikes, where most tech stocks bore the brunt of massive selloffs. With elevated inflation and a looming recession, the market is expected to remain volatile in the near term. Hence, fundamentally weak stocks NVIDIA Corp.…

Since its IPO in 2020, Warren Buffett has been holding shares of cloud-based data platform provider Snowflake (SNOW). However, the company’s stock has fallen more than 59% year-to-date amid the broader tech sell-off this year. As the macroeconomic environment remains uncertain and tech earnings might deteriorate, will it be wise…

Interest rate increases look all set to persist. Therefore, slowing demand, rising borrowing costs, and compressed margins will likely tip the economy into recession. With the market potentially seeing significant pressure, once-popular tech stocks Snowflake (SNOW) and Palantir Technologies (PLTR) could struggle to find support due to their poor fundamentals.…

Since interest rate increases look all set to persist and the economy is expected to witness recessionary pressures, stocks with poor fundamentals could struggle to find support. Therefore, avoiding fundamentally weak stocks Snowflake (SNOW) and Twitter (TWTR) could be wise, as they might keep losing. Read on….

September’s CPI data revealed that inflation is far from being eased despite the Fed’s aggressive interest rate hikes. This reinstates the view that the central bank will raise interest rates more aggressively later this year. Since the market is expected to remain under pressure on concerns over a recession, it…

Shares of cloud services provider Snowflake (SNOW) have garnered significant investor attention due to its impressive revenue performance in the last quarter. However, it might be wise to steer clear of the stock, given the company's higher-than-industry valuation, which does not substantiate its poor profit margins. Continue reading….

Given a relatively tight labor market, another jumbo interest rate hike in September is very likely. The tech industry has been under pressure and might witness continued sell-off amid the rising interest rate environment. Therefore, fundamentally-weak tech stocks Snowflake (SNOW), Riot (RIOT), and American Virtual Cloud (AVCT) might be best…

Cloud platform provider Snowflake’s (SNOW) stock recently popped as the company’s second-quarter top line beat analysts’ expectations. However, the stock is down about 50% this year. Will it be wise to invest in it now? Read on to find out….

Snowflake (SNOW) registered solid top-line growth in its last reported quarter, which propelled the stock. However, its bottom line is still in the red. Also, considering its weak profit margins, will it be wise to invest in the stock now? Read on….

Shares of Snowflake Inc. (NYSE: SNOW) soared in after-hours trading on Wednesday, after the Bozeman, Montana-based company reported its quarterly revenues ahead of expectations.