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Barchart
Barchart
Ruchi Gupta

Is This Underperforming AI Software Stock a Buy on Its 'Watershed Moment'?

AI Stock Snowflake Sridhar Ramaswamy SNOW

Snowflake Ltd. (SNOW) is a data cloud company. It provides useful insights, designs consolidated data, builds data applications, and aids in data sharing. Formerly known as Snowflake Computing Inc., the company changed its name to Snowflake Inc. in 2019, ahead of its blockbuster 2020 IPO. Based in Montana, and valued at $52 billion by market cap, SNOW serves more than 3,000 customers in the Asia-Pacific and EMEA regions, as well as the Americas. 

Snowflake stock is down 21% YTD, and off nearly 34% from its 52-week high of $237.72 in February this year. 

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