Snowflake (SNOW), established in 2012, is a major player in data management and analytics. Amid the artificial intelligence (AI) rush, Snowflake's growth has been explosive, driven by rising demand for data analytics and the shift to cloud computing.
The company is still unprofitable, and its stock is overvalued, so investors are hesitant to invest in SNOW. Nonetheless, Wall Street believes in the company's long-term prospects, and expects its stock to skyrocket this year.
