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Snowflake stock is falling after the company disappointed investors with its quarterly update.
Snowflake's product revenue growth rate is slowing. The tech company's net loss is worsening.
Snowflake investors are experiencing an unanticipated AI winter. Snowflake's recent earnings release corroborates intensely competitive headwinds. SNOW's AI capabilities could be tested as Databricks, and the hyperscalers invest more aggressively to gain more share.
Investors and analysts wanted more from Snowflake Inc., beyond the company's latest earnings beat and outlook hike.
Shares of Snowflake (SNOW) dropped on Thursday morning after the company reported its second quarter results that topped estimates on the top and bottom lines and raised its full-year revenue guidance. Investors seem to be worried the company could be falling behind rivals when it comes to AI.
Snowflake's (SNOW) near-term prospects suffer from growing GPU-related costs despite an expanding portfolio and strong partner base.
Shares of Snowflake fell on Thursday, a day after the data cloud analytics company released fiscal second-quarter 2025 earnings that showed decelerating product revenue growth compared to past quarters. Product revenue, which accounts for the vast majority of Snowflake's total revenue, was $829 million for the period, up 30% year over year.
Snowflake is one of the fastest-growing tech stocks out there, but also very expensive.
Snowflake stock is dropping after a tumultuous year, with a potential new normal price of around $120-$125 per share. Despite strong revenue growth and customer expansion, Snowflake faces challenges with profitability and margins, leading to a negative bias on the stock. The company must maintain at least 25% revenue growth to support its valuation, with the potential for the stock to reach above $100 in the near future.
Snowflake beat estimates in its fiscal second quarter, but its bottom line fell. Management forecasts that revenue growth will decelerate in the second half of the year.