Snowflake (SNOW 1.78%) is not benefiting from the rising demand for artificial intelligence as much as expectations suggested it would.
*Stock prices used were the afternoon prices of Oct. 28, 2024. The video was published on Oct. 30, 2024.
How Much Is Snowflake Stock Really Worth?
Data is the foundation on which artificial intelligence is built, which could be a tailwind for Snowflake stock investors.
By Parkev Tatevosian, CFA – Oct 31, 2024 at 8:00AM EST
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.