The first rate cut was certain in September but market participants are surprised about its magnitude. Investors must focus on 5 AI giants namely, TSM, SMCI, MU, SNOW, WDC.
Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SNOW's near-term prospects suffer from stiff competition and growing GPU-related costs despite an expanding portfolio and strong partner base.