Snowflake Added to the NDI-FutureTech Portfolio
over 1 year ago
Convequity
"SNOW added to NDI-FutureTech. Valuation halved on growth concerns. Alpha: Iceberg tables could boost compute 100x. New CEO Ramaswamy better for GenAI era. Recent GA products may surprise market. Success hinges on unstructured data expansion. Competing w/ Databricks on open/closed systems balance. Risks: short-term disappointment, immature unstructured offering. FY28 $10bn rev target. ER 8/21."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Snowflake Added to the NDI-FutureTech Portfolio
Source:
Convequity
Published:
August 11, 2024
Idea Type:
Stock Idea