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Snowflake soars after earnings: Is winter over for Snowflake?
On November 20 after bell, $Snowflake (SNOW.US)$ posted its Q3 FY2025 earnings results, with beating-estimates revenue and income. On Novemb Show More
On November 20 after bell, $Snowflake (SNOW.US)$ posted its Q3 FY2025 earnings results, with beating-estimates revenue and income. On November 21, the company's share price rocketed 32.71% in one day, closing out its best day since IPO.
The company also announces partnership with Anthropic to build new AI data cloud platforms, and raised full-year guidance.
On the other hand, the company had a tough year in 2024. Before November 20, shares of $Snowflake (SNOW.US)$ dropped more than 30% since January 1, 2024. And in June, Warren Buffett dumped all of his shares of Snowflake. Could November 21 be the turning point for Snowflake?
🎙️Discussion:
1. What do you think of Snowflake's future performance?
2. What's your strategy for Snowflake?
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