Snowflake Shares Soar on Strong AI Growth. Is It Too Late to Buy the Stock?

Snowflake (NYSE: SNOW) continues to flip the narrative about the impact artificial intelligence (AI) will have on its business, turning in yet another strong earnings report. The stock is now up nearly 60% on the year, as of this writing. It was the second straight time the stock has surged following earnings this year.Snowflake operates as a cloud-based data platform built around warehousing and analytics. Customers use its solutions to store and process massive data sets, with its architecture separating storage from compute and running seamlessly across multiple cloud providers. This flexibility makes it easy for users to share data securely and in real time.There has been some worry that AI could pose a threat, given that Snowflake is strongest with structured data, while AI is built to make sense of unstructured data. However, that line of thought might not actually be the case, as it appears that AI may actually work best when working with clean, organized data.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool