Can Snowflake Stock Bounce Back After Falling 30% This Year?
The bad news just keeps on coming for Snowflake this year.Artificial intelligence (AI) stocks have been doing well for the most part this year, but one exception is Snowflake (SNOW -0.81%). The data-storage company should be benefiting from a surge in AI-related spending, but instead, its share price is down 30% this year. What's wrong with Snowflake, and can now be a good time to invest in the company? Or could things get even worse for the stock? The stock hasn't rebounded from a change in leadership earl ...