Is Snowflake a Buy After Its Stock Soared 30%?
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Snowflake (NYSE: SNOW) isn't having the best of years. The stock is down 11% in 2024, by far underperforming major indices. But it used to be much worse. Snowflake stock is actually up big in the last month after it reported blowout figures for its third quarter of fiscal year 2025 (ending Oct. 31). After that report, the stock surged over 30% the following trading day.Some may view that as missing the move, as it was an enormous rise in just one day. However, there are signs that this could be a long-term trend for Snowflake. But is it enough to make it a buy now?Snowflake is all about data. Its data cloud product provides its customers with the infrastructure to help manage data collection, storage, and processing. This is incredibly important right now, as this data is becoming key to training artificial intelligence (AI) models.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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