Is Snowflake Stock a Buy Now? The Answer Might Surprise You.
Snowflake stock soared by 20% after it reported its latest quarterly financial results, but there are some risks investors need to consider.Large organizations tend to use multiple cloud computing platforms like Microsoft Azure and Amazon Web Services to manage their day-to-day operations. This leads to fragmented data, meaning valuable information which is stored on one platform isn't easily accessible on another, making it difficult to analyze.Snowflake (SNOW -0.96%) created the Data Cloud to solve that p ...