Snowflake (SNOW) has doubled in Eric Bleeker's AI Portfolio — here's how

Snowflake crossed the 100% return threshold in Eric Bleeker's AI Portfolio 598 days after the position was opened, finishing at a gain of 101.3%. What makes the milestone striking is the path it took to get there: as recently as April the position was sitting 27.2% underwater, meaning the bulk of that doubling — from deeply negative territory to fully doubled — was compressed into roughly the last three months of the holding period.

That kind of violent snapback puts a harsh spotlight on the cost of capitulating during a drawdown. An investor who sold at the April low not only locked in a 27% loss but also gave up the entire recovery and the double that followed. The chart shows the position spent long stretches in negative or only modestly positive territory before the decisive late-stage move, which is a pattern that frequently shakes out holders who can't stomach interim volatility.

The position now stands as the headline performer in Bleeker's AI Portfolio, having cleared the 100% return threshold. Whether the gains hold will depend on how Snowflake's business continues to develop, but the milestone itself is a reminder that a large portion of a multi-year return can arrive in a very short window near the end of the holding period.