SNOW Stock Recent News

The top five buys in June are significant for two glaring reasons. The first is that these are the most upgraded stocks tracked by MarketBeat's platform in the second half of the Q1 earnings reporting cycle, and the second is that they're all technology stocks with AI aiding their business.

Warren Buffett has served as the CEO of Berkshire Hathaway (BRK.A -0.76%) (BRK.B -1.21%) since 1965. He'll step down from the role at the end of 2025, capping off an incredible run during which he delivered consistent, market-crushing returns for its shareholders.

Shares of Snowflake (SNOW) are moving 0.3% lower to trade at $205.77 this afternoon, but earlier touched a fresh annual high of $209.29 after its composite rating saw a lift to 96. Yesterday brought news of a partnership between the IT name and the 2028 Los Angeles Olympics, and on May 22, the stock enjoyed a post-earnings pop of 13.4%.

The IBD SmartSelect Composite Rating for Snowflake rose from 94 to 96 Wednesday.

Growth stocks can be one of the best tools to build wealth over the long term. These are companies experiencing steady growth in their operations, usually because they are going after a huge opportunity.

Multibillionaire and legendary investor Warren Buffett isn't known as a fan of technology stocks. But even he couldn't resist getting in on Snowflake (SNOW 3.15%) when the company went public in 2020 as one of the hottest IPOs in recent history.

When it comes to momentum, few indicators draw more attention than the Relative Strength Index or RSI. Typically, an RSI reading above 70 suggests a stock is overbought, a potential warning sign that it could be due for a pullback.

Snowflake Inc.'s key strength is its user-friendly, cloud-native data platform, enabling rapid data use without deep engineering expertise, justifying its premium pricing. While not the cheapest solution, Snowflake's ease of use and independence from hyperscaler capital expenditures make it attractive for businesses seeking simplicity. Risks include competitive pricing pressure from hyperscalers and margin constraints due to reliance on their infrastructure and high marketing spend.

Data cloud analytics company Snowflake has been appointed the official data collaboration provider for the 2028 Olympic and Paralympic Games in Los Angeles as well as Team USA, the American company said on Tuesday.

SNOW stock benefits from strong AI partnerships and a growing portfolio, but stretched valuation and competition raise investor caution.