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According to the WSJ, SNOW, which normally keeps R&D spending within careful limits based on revenues, is spending at higher than normal rates to serve clients that want to test AI applications in their businesses. It's brilliant strategy that perfectly showcases the advantages of what they offer. Their clients are huge and sticky, and once they are in, they rarely leave.

I originally bought into SNOW at the height - way too optimistic and I bought the hype rather than the numbers. But my opinion of the company has not changed, and since then I have added to my stake at lower valuations. This seems like a company that is going to keep growing, serving new markets, and compounding earnings for many years to come. I think one of the T's bought some for BRK when they went public - I hope they held onto it.

https://www.wsj.com/articles/snowflake-is-on-an-r-...

abromber

Here is an update from IBD: ""We believe a comprehensive data strategy is a precursor to a gen AI strategy," according to RBC Capital analyst Matthew Hedberg. "As such, we believe Snowflake is well positioned given the large amount of customer data on their platform and new gen AI offerings that should help drive incremental workload utilization. That said, we expect the more material impact on results is likely to come in 2025 and beyond as the new products go into general availability."

https://www.investors.com/news/technology/snowflak...

abromber

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