2024-06-25 12:54:45 ET
Summary
- Snowflake Inc. stock has declined by 70% from its peak valuation of $420 due to the AI selloff and other factors.
- Snowflake has significant untapped AI potential, making it a possible buy opportunity with limited downside.
- Snowflake is cheaper than recently, with strong sales growth and profitability potential, making it a compelling investment at current levels.
Snowflake Inc. ( SNOW ) "Snow" stock has been demolished after peaking at about $420. Due to the AI selloff and other factors, its share price is now about $125 , representing a 70% decline from its peak valuation. Moreover, Snow's sales and profitability have increased considerably, and the stock is much cheaper than recently. ...
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Snowflake Stock: Finally, It's A Buy