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Are Snowflake's Earnings the Latest Sign of the Coming AI Winter?
Summary by 247wallst.com
1 Articles
1 Articles
Are Snowflake's Earnings the Latest Sign of the Coming AI Winter?
Quick Read Snowflake (SNOW) posted 28% product revenue growth to $1.12B but guided fourth-quarter growth of just 23% due to heavy discounting. Snowflake’s net revenue retention fell to 126% from 128% as customers demand steeper concessions amid competitive pressures. 50% of Snowflake’s new bookings tie to AI use cases and 80% of revenue comes from expansions. If you’re focused on picking the right stocks and ETFs you may be missing the bigge…
·New York, United States
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Total News Sources1
Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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