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Stock impact report

Jim Cramer on Snowflake: “Their Platform Is Borderline Essential for Building AI Tools” [Yahoo! Finance]

Snowflake Inc. (SNOW) 
Last snowflake inc. earnings: 5/4 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Snowflake Inc. (NYSE: SNOW ) is one of the stocks Jim Cramer Recently Discussed . Cramer noted the company's recent partnerships, as he stated: Okay, can any enterprise software company catch a break in this environment where Wall Street's terrified AI will destroy the profit margins even if it hasn't even started yet? Look at Snowflake. Now, this is a cloud-based data management analytics platform. This is more of an infrastructure play, and they have a consumption-based pricing model rather than charging per seat, which should make the stock a lot less vulnerable to AI. In fact, their platform is borderline essential for building AI tools. They've recently announced major partnerships with both Anthropic and OpenAI, yet the stock's down nearly 40% from its highs in early November. And when Snowflake reported after the close… terrific annual product revenue forecast, it wasn't enough to change the narrative. Initially, the stock jumped higher in after-hours trading, but then it ga Show less Read more
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