BofA Securities analyst's survey shows lower growth intentions for software spending in 2025 and 2026. Data Analytics, Security, and Public Cloud are top priorities.
The acquisition will bring AI-ready “Snowflake Postgres” to the AI Data Cloud, providing the “uncompromising governance, security and operational standards essential for building and running mission-critical AI applications.”
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players.
Jony Ive learned from Steve Jobs that the hardest part of creativity is having the nerve to drop most ideas. This lesson has been adopted by other CEOs, including Salesforce's Marc Benioff.
Data warehouse-as-a-service Snowflake (NYSE:SNOW) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 25.7% year on year to $1.04 billion. Its non-GAAP EPS of $0.24 per share was 13.1% above analysts’ consensus estimates.
In a sliding market, Snowflake has defied the odds, trading up to $206.89 per share. Its 18.4% gain since November 2024 has outpaced the S&P 500’s 1.9% drop. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
Slootman runs his companies with Steve Jobs' binary motto: a product is either 'insanely great' or 'total sh*t.' This forces teams to strive for greatness, echoing Jobs' views. Others, like Reed Hastings and Elon Musk, also use extreme language to drive excellence.
Expensive stocks often command premium valuations because the market thinks their business models are exceptional.
However, the downside is that high expectations are already baked into their prices, leaving little room for error if they stumble even slightly.
