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Barchart
Pathikrit Bose

Snowflake Stock Rallies on Blockbuster Q1 Results. It Turns Out That Gen AI Isn’t Eating Its Lunch.

Snowflake SNOW AWS

The word “snowflake” in common parlance among the younger generation has a negative connotation, often associated with people who take offense easily and are deemed to be fragile. For the cloud-based data company Snowflake (SNOW), the “SaaSpocalypse” narrative had elicited almost a similar reaction.

However, that was that, a narrative that generative AI platforms would snatch the lunch of companies like Snowflake. The Q1 results of the company did a lot to change that.

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