Episode 109: Is Snowflake Stock A Buy Now (SNOW)

Nvidia (NVDA) has been all the rage, but at Chip Stock Investor we’ve been perfectly content to watch Snowflake (SNOW) stock from the sidelines – albeit with an active commentary – since the hot IPO of 2020. Instead, we rode the wave passively via Salesforce’s and Berkshire Hathaway’s participation in the Snowflake offering. But now that Snowflake stock has been beaten up again, Chip Stock Investor is getting interested. In this video, Nick and Kasey give a high-level rundown of the business, the recent issues that hit the stock price, the current valuation, and when Nvidia’s AI infrastructure boom might trickle down to the data software platform. And related to this video, also see our video on software and the “infinitely scalable business model” from last year: https://youtu.be/gMd8vsGoBq8 Stay tuned for four more deep dives into businesses in the coming weeks: Oracle, Broadcom, PureStorage, and DigitalOcean. Other material to watch/read: Infinite Scalability: https://youtu.be/gMd8vsGoBq8 Timeline of Nick's Coverage of Snowflake: https://www.fool.com/investing/2020/09/18/valuation-matters-for-snowflake-investors-as-it-al/ https://www.fool.com/investing/2021/07/02/1-big-reason-to-buy-snowflake-stock-right-now/ https://www.fool.com/investing/2022/10/18/can-we-call-snowflake-stock-cheap-yet/ https://www.fool.com/investing/2023/04/27/is-snowflake-stock-really-a-buy-with-so-many-compe/ https://www.fool.com/investing/2023/06/30/snowflake-and-nvidia-partner-up-on-ai-but-theres-a/ https://www.fool.com/investing/2023/08/24/snowflake-stock-isnt-getting-a-bump-from-nvidia-ai/ https://www.fool.com/investing/2024/01/14/is-snowflake-stock-a-top-buy-for-ai-in-2024/ 👉👉Want more Chip Stock Investor? Our membership delivers exclusive perks! Join our Discord community, get downloadable show notes, custom emojis, and more. Become a true insider – upgrade your experience today! Join at Youtube: https://www.youtube.com/channel/UC3aD-gfmHV_MhMmcwyIu1wA/join Join on Ko-Fi: https://ko-fi.com/chipstockinvestor/tiers🔥🔥🔥 If monthly membership isn't your thing, don't worry, you can purchase our show notes in our Ko-Fi shop. https://ko-fi.com/chipstockinvestor/shop👈👈 If you missed our Semiconductor Industry Flow 2024 and chip industry manual, you can purchase it here:👉 https://ko-fi.com/s/90c74a988a. Get your investment journey off on the right foot to kick off the new year. If you missed our Cybersecurity Industry manual for 2024, you can purchase it here: https://ko-fi.com/s/0a436c7c8e Check us out on our website: chipstockinvestor.com We use data, charts, and KPI's from our friends at Main Street Data. If you would like to check it out and subscribe to a premium membership here is a link that will get you 10% off👇 https://mainstreetdata.com/subscription?via=chipstockinvestor Find this episode and more on Spotify Podcasts: https://open.spotify.com/show/4QSHBYlMjTwwy1qK2mlM1F You can also find us on Apple and Google Podcasts! Chapters: 00:19 Upcoming NVIDIA GTC & Potential Acquisition Rumors 01:55 The World of Cloud Software 04:27 Snowflake's Journey: From IPO to Today 12:07 The Competitive Landscape: Snowflake vs. Databricks 20:51 Snowflake's Future Prospects and Valuation Content in this video is for general information or entertainment only and is not specific or individual investment advice. Forecasts and information presented may not develop as predicted and there is no guarantee any strategies presented will be successful. All investing involves risk, and you could lose some or all of your principal. #nvidia #nvidiagtc #snowflake #snow #semiconductorstocks #chips #investing #stocks #finance #financeeducation #silicon #artificialintelligence #ai #financeeducation #chipstocks #finance #stocks #investing #investor #financeeducation #stockmarket #chipstockinvestor #fablesschipdesign #chipmanufacturing #semiconductormanufacturing #semiconductorstocks Nick and Kasey own shares of Nvidia