SNOW Stock Recent News

The recent market correction has brought on significant investor pain. With the market suffering the worst one-day drop since 2022 on March 10, buying may be the last thing some investors want to do.

Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Snowflake's selloff has occurred as expected, signaling the bursting AI bubble and the end of its unsustainable upward momentum. Despite the supposedly robust FY2025 top-line growth and multi-year backlog expansion, we are already seeing mixed bottom-line performance and deteriorating balance sheet health. This is on top of the potentially elongated sales cycle, as competition also heats up in the data analytics market across numerous enterprise software vendors.

Snowflake CEO Sridhar Ramaswamy discusses the company's AI roadmap and ambitions, saying every project must deliver value. He joins Caroline Hyde on "Bloomberg Technology".

Artificial intelligence (AI) has been the biggest narrative in the financial markets for the past two years. Despite this fact, pure-play AI stocks haven't exactly shown admirable performance since the start of the year.

Warren Buffett is the CEO of the Berkshire Hathaway (BRK.A -0.56%) (BRK.B -0.45%) holding company, where he helps manage a $287 billion portfolio of stocks, in addition to numerous privately held subsidiaries. His notoriously simple investing strategy has led to market-beating returns for the last 59 years.

TOKYO--(BUSINESS WIRE)--JPX Market Innovation & Research, Inc. (“JPXI”), a leading global provider of Japan's financial market data, announced that J-Quants Pro datasets will be offered on Snowflake's market-leading data cloud platform later in March 2025. This is the first of JPX's rich and varied data services that will be disseminated via Snowflake as part of the two companies' priority partnership. J-Quants Pro Data Service J-Quants Pro is a service that offers corporate users extensive.

Investors have been cautious about high-growth technology stocks in 2024, with broader market uncertainty and concerns over President Donald Trump's tariff policies putting pressure on valuations. The Nasdaq Composite has declined 6% so far this year as investors rotate out of last year's best-performing stocks and software companies have not been immune to this downturn.

March's transition from winter to spring often brings renewed optimism and activity to financial markets as investors seek growth opportunities. March serves as a critical inflection point in the financial calendar, and it is also the end of the first quarter and a new fiscal year for some companies.

Shares of Snowflake (SNOW 2.14%) jumped 4.5% on Feb. 27 following the release of the company's fiscal 2025 fourth-quarter results (for the three months ended Jan. 31) the previous day. The stock's jump was well deserved, as it crushed Wall Street's expectations by a big margin.