Investors are trying to weigh the company's rapid growth with the fact that those high growth rates are quickly decelerating. Here's a closer look at Snowflake's business, its growth, and why investors may want to tread carefully when it comes to the company's highly valued stock. In short, there are two big concerns that Snowflake investors should take seriously: the degree to which Snowflake's growth rate is decelerating and management's recent move to significantly lower its full-year revenue guidance.