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Snowflake Stock Is Melting. Should Investors Buy It While It's Down?

Anthony Di Pizio, The Motley Fool
·4-min read
Snowflake Stock Is Melting. Should Investors Buy It While It's Down?

The company reshapes the way businesses use data and develop applications, and it's currently breaking new ground in the artificial intelligence (AI) arena. Snowflake stock went public in 2020 with an impressive list of investors, including Berkshire Hathaway, the conglomerate run by Warren Buffett. Investors seem to be concerned about slowing revenue growth, which could get worse given management just reduced its guidance for the full fiscal 2024 year (ending Jan. 31, 2024).

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