Snowflake: New CEO, Big AI Megatrend Opportunity

Apr. 01, 2024 7:00 AM ETSnowflake Inc. (SNOW) StockSNOW23 Comments

Summary

  • Snowflake has been one of the worst-performing AI megatrend beneficiaries, and the company just appointed a new CEO to right the ship.
  • Make no mistake, Snowflake is growing fast, just not as fast as they could be considering the huge opportunities ahead for cloud and AI.
  • After reviewing Snowflake's business, unique value proposition, growth opportunity, new CEO, valuation, and risks, we conclude with our strong opinion on AI as a theme and Snowflake as an investment.
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Digital Mind. Brain Artificial Intelligence Concept

Snowflake: New CEO, Big AI Opportunity

BlackJack3D

Fads come and go. Megatrends (such as urbanization and the internet) change the world. Certainly, megatrends can get ahead of themselves (there was an internet bubble in the early 2000s, and more recently China built

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This article was written by

20.73K Followers

Mark D. Hines | Private Investor. Former allocator and buyside PM. Now building Blue Harbinger Research (top ideas plus the “High Income NOW” and “Disciplined Growth” portfolios) and Herrick Lake Investments (helping you make informed decisions). University of Chicago Booth MBA, BS in Finance from the University of Illinois at Urbana-Champaign.

x.com/hinesmarkd | linkedin.com/in/hinesmarkd

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SNOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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