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Snowflake shares fall more than 8%

TIKR ·

SNOW Snowflake Inc
$315.35 +2.77%
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  1. 1Snowflake shares recorded a decline of -8% on Friday.
  2. 2Snowflake achieved revenue of $1.55 billion in the recent quarter.
  3. 3Tension appeared between high investor expectations for AI-related companies and financial pressure.

So what's the key point?

Snowflake shares fell by more than 8 percent. The stock price went down as expectations for AI companies clashed with the pressure to generate profit.

Source TIKR · View original ↗

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