Are Snowflake’s Earnings the Latest Sign of the Coming AI Winter?

Snowflake (NYSE:SNOW | SNOW Price Prediction) released its third-quarter earnings yesterday, posting results that topped Wall Street estimates. Product revenue climbed 28% year-over-year to $1.21 billion, while adjusted earnings hit $0.35 per share, beating the consensus estimate of $0.31. Yet, the stock plunged 11% in midday trading today as investors fixated on the company’s fourth-quarter … Continue reading Are Snowflake’s Earnings the Latest Sign of the Coming AI Winter?