Are Investors Overreacting to the Departure of Snowflake's CEO?
Shares of Snowflake (SNOW -3.59%) tumbled at the end of February as the company not only posted unimpressive guidance, but also announced the surprise departure of CEO Frank Slootman. The stock was trading at around 165. The sudden, sharp sell-off appears extreme, particularly for a stock like Snowflake that can benefit from promising long-term trends in artificial intelligence (AI), which should increase demand for its cloud-based data pla ...