1 Huge Trend That Will Drive Snowflake's Future Results
Although Snowflake (NYSE: SNOW) is one of the fastest-growing companies in the market, it's also unprofitable -- a bad trait to have in this turbulent economy. Unfortunately, rising interest rates are like kryptonite to high-growth, unprofitable stocks. Technological improvements in artificial intelligence and cloud computing have recently made it possible to use the vast volumes of information that companies collect to make critical decisions about the future -- a revolutionary development.