3 Reasons to Buy Snowflake, and 1 Reason to Sell
Snowflake's (NYSE: SNOW) cloud platform is experiencing tremendous demand as businesses continue to rely more on cloud services to process and store data. Cloud infrastructure spending grew 37% year over year in the third quarter, with services from Amazon, Microsoft, and Alphabet's Google controlling 63% of the market. That's good news for Snowflake since its cloud-based data warehousing system is compatible with these cloud services. Snowflake is piggybacking the growth of the market.
Some of the largest companies in the world use Snowflake to organize, share data, and gather insights to optimize their operations. Let's look at three reasons to buy the stock before considering why investors might want to take a pass.
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Source Fool.com
