Snowflake (SNOW), the cloud data company that helps businesses bring scattered data together through its Data Cloud platform, has given investors plenty to cheer about lately.
SNOW stock has enjoyed a strong run since late May, helped by growing enterprise demand for AI tools, an expanded $6 billion multiyear partnership with Amazon.com (AMZN) Amazon Web Services, and quarterly results that came in ahead of Wall Street’s expectations. But after that rally, some would be wondering whether Snowflake can keep the momentum going.