SNOW - Down 59% This AI Growth Stock Could Have Explosive Upside. But There's a Catch.
2023-10-13 17:34:00 ET
Snowflake (NYSE: SNOW) is a leading provider of data-warehousing services, and it could be positioned to play a crucial role in the artificial intelligence (AI) revolution. The company's data cloud platform allows information from different cloud infrastructure services to be combined, analyzed, and integrated into AI algorithms.
Even after climbing roughly 14% across 2023's trading, Snowflake's share price is still down 60% from its high. It looks like it has room to run, but investors should weigh the company's performance and valuation before going all-in on this potentially explosive growth stock.
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Down 59%, This AI Growth Stock Could Have Explosive Upside. But There's a Catch.