NicoElNino Snowflake (NYSE: SNOW ) is a leading data warehouse provider, which is rated with 4.5 stars out of 5, according to G2 Reviews . This is higher than AWS Redshift which has just 4.3 stars out of 5. Snowflake’s platform breaks down "data silos" across organizations and multiple clouds, which enables insights to be unlocked through advanced analytics and AI. Therefore, it should be no surprise that Snowflake is poised to benefit from the growth in multiple industries including the Hybrid cloud , AI and of course "Big Data". The Big Data industry alone is forecast to grow at an 11% compounded annual growth rate [CAGR] and reach a value of over $273 billion by 2026. In the fourth quarter of FY23, the company reported solid financial results as it beat revenue growth forecasts. However, due to slowing growth rates and tepid guidance, SNOW stock price fell by ~7% in after-market trading. This compounds on top of Snowflake’s share price decline of over 60% since November 2021. I personally believe this is a market overreaction due to the aforementioned industry tailwinds, its high customer retention, and its large amount of contracted revenue. In this post, I’m going to […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
