Why I Finally Bought Snowflake Stock
Investors continue to flock toward the artificial intelligence (AI) market in droves, ditching their former darlings in the cloud software space, and even forgetting that there might still be value in that "old" technology market.
Case in point, consider Snowflake (NYSE: SNOW). When it delivered its fourth-quarter earnings report on Feb. 28, it also made a surprise announcement -- that CEO Frank Slootman was retiring. In the wake of all that, its shares got clobbered again.
The market may have punished Snowflake, but following that slump, I was finally ready to place my first buy order for the stock.
Source Fool.com
