After more than tripling in value since its initial public offering in September 2020, Snowflake's (NYSE: SNOW) stock has fallen on hard times, losing two-thirds of its market cap as investors transitioned away from high-flying growth stocks into more defensive positions.

That's too bad, because as much as the cloud-based analytics software stock can be volatile, Snowflake's specialization in data warehousing has rightfully garnered significant attention and an important following in recent years, meaning investors may want to revisit its stock again.

So long as you have a tolerance for a bit of risk and are investing money you don't need for bills or emergencies over the next three to five years, Snowflake could be a tech stock that fits perfectly into your portfolio.

Continue reading

Source Fool.com