Snowflake Is PLUNGING | Did the AI Bubble Just POP?
📈 Check out Finchat for FREE!: finchat.io/brian/
👨💼 Follow the Brian's Antifragile Portfolio in real time: savvytrader.com/stoffel_brian... Code: KZread
⏪ Reverse DCF Calculator: brianferoldi.com/rdcf
▼FREE INVESTING TOOLS:▼
✅ Investing Checklist: brianferoldi.com/checklist
⚖️ Earnings Power Calculator: www.brianferoldi.com/ep
⏪ Reverse DCF Calculator: brianferoldi.com/rdcf
▼ FREE NEWSLETTER ▼
📩 Join 95,000+ readers of my FREE newsletter: brianferoldi.com/newsletter
▼FREE ACCOUNTING EBOOK:▼
✅ 8 Accounting Terms Explained Simple: brianferoldi.com/accounting
▼RECOMMENDED RESOURCES:▼
👍 Recommended Resources: brianferoldi.com/resources
▼ USEFUL EPISODES:▼
📺 10 Steps To Build Wealth: • How to Build Wealth In...
📺 How to use our investing checklists: • Brian Feroldi's Stock ...
📺 Our thoughts on valuation: • Stock Valuation Lectur...
📺 How to review earnings: • Quarterly Earnings Rep...
📺 How to prepare for a market crash: • How To Prepare For A S...
📺 10 investing lessons for beginners: • 10 Investing Lessons F...
📺 How to build a portfolio - Step 1: • How to build a stock p...
▼ABOUT US:▼
👨💼Brian Feroldi is an author (amzn.to/3JVr9Q0), investor, KZreadr, and financial educator. He's been investing in the stock market since 2004. He's made EVERY investing mistake you can make. He now spends his time teaching others how to invest better. Brian sends a FREE weekly email called Long Term Mindset (brianferoldi.com), where he shares one investing lesson and 5 pieces of simple content that encourage readers to think and do better with their money.
🤝Connect with Brian Feroldi:🤝
🐦 Twitter: / brianferoldi
🔗 Linkedin: / brianferoldi
📸 Instagram: / brianferoldi
📩 Newsletter: brianferoldi.com
🕸️ Website: brianferoldi.com
👨💼Brian Stoffel is a writer, investor, KZreadr, and financial educator. He's a teacher at heart. Brian has been investing for over a decade and has written over 4,000 articles for The Motley Fool. Brian worked as a middle school teacher in Washington, DC for over 5 years. He and his wife had a “mini-retirement” in Costa Rica and now spent a portion of their year there in a containership home. Brian plans his life and his investments around “antifragile” principles.
🤝Connect With Brian Stoffel:🤝
🐦 Twitter: / brian_stoffel_
📩 Newsletter: brianstoffel.com
🕸️ Website: brianstoffel.com
❗️❗️DISCLAIMER:❗️❗️
All content on this channel is for discussion, education, entertainment, and illustrative purposes only and SHOULD NOT be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Brian Feroldi and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.
All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel.
*Some of the links and other products in this video are from companies for which Brian Feroldi will earn an affiliate commission or referral bonus. Brian Feroldi is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date.
Пікірлер: 90
I'm new to the channel and loving the sythesis / insight. Thanks
I work in the data management industry. From what I see, most migrations to Snowflake are still in early days. I am confident their pipeline is very robust.
@stoffelbrian
3 ай бұрын
Agreed
@aaron22bernards
2 ай бұрын
how are we feeling now as it keeps dropping? I'm letting my emotions get to me haha. Was up big just a week ago and now questioning if it's a long term hold
@jaykrizzle
2 ай бұрын
@@aaron22bernards why does price action determine how you feel about the fundamentals of a company? Such a strange psychology to me. Maybe you should stick to dca'ing an index fund
Why anyone thinks Snowflake is an AI company? 😎
@briantep458
3 ай бұрын
you still need data and you still need to analyze data. They are utilizing AI to write/auto generate the SQL for you
@brandonderrick006
3 ай бұрын
It is an AI company. 😎
@crispyduck1706
3 ай бұрын
The new CEO was previously in charge of their AI strategy
@Stoneface_
3 ай бұрын
Every company is an AI company nowadays 😂😂
@UziGameGP
3 ай бұрын
@@brandonderrick006mot
I love the analysis after earnings, super crystal clear after seeing your video! thanks a lot!
Excellent analysis, Brian!
Thanks Brian💯
Thanks Brian. Brilliant analysis as always.
@stoffelbrian
3 ай бұрын
You're welcome
@crusaderkumar2868
3 ай бұрын
Can we buy snowflake now?
Love your work!
Excellent video, I really love your in depth analysis. I learn a lot from you two
@stoffelbrian
3 ай бұрын
Thanks
Amazing analysis! Thanks!
You had really did a great job explaining SNOW stock. THankyou
@stoffelbrian
3 ай бұрын
You're welcome
Great video!
@stoffelbrian
3 ай бұрын
Thanks
Snowflake will be fine, I see this as a buying opportunity. Its cloud software is unique and I think it will benefit from interest rates going down. I also think sales will triple by 2030
Great video Brian, Twitter told me Databricks was eating their lunch and the company sucks. Will be adding to my position
@user-bc4tg4re9c
2 ай бұрын
Databricks is still a private company so we don't know how much market share they are taking and how much they are growing every quarter compared to Snowflake.
So assuming insane growth, ignoring huge dilution - it has market matching return 🤔
Wouldn’t you only use Reverse DCF on a Gaap profitable company? Seems like before then, you might look at EV/Sales
The big issue with the SNOW are stock-based compensations. Those eat all the profits, and take away from the shareholders.
@stoffelbrian
3 ай бұрын
That's a fair concern
Times are changing. SNOW, specializes in "structured data storage", like database data. With the appearance of AI, there is demand for unstructured data storage". This includes documents, photos, videos, etc. Therefore, companies have been turning to DataBricks. I hope this helps.
@MinjieXu
2 ай бұрын
Hi @onesung: are you saying DataBricks is much stronger on the unstructured data storage? Sorry I am fairly new to the storage 🙂
@onesung
2 ай бұрын
@@MinjieXu Yes, that is the general consensus. DataBricks is stronger in unstructured data, and SnowFlake is stronger in structured data. However, there will always be demand for structured data. Cheers, Sung
I made bank on this, traded out before the landmine
ez stock adding small amount today
Me watching my SNOW plunge yesterday "I can't wait to hear what the Brian's have to say". I also added a handful of shares at 173... I will add more if it goes down to the 150s
Not a great earnings season for you Brian. I’m with you on SNOW and MELI. Held them both over 4 yrs and still holding. 😃
@stoffelbrian
3 ай бұрын
Eh, AXON, NET, and AMZN were pretty awesome. But yes, some big drop downs as well
@loganlasvegas
3 ай бұрын
@@stoffelbrianjust kidding. Nice analysis. Actually a pretty good season with AMZN, MSFT, META and NVDA. Adding to SNOW and holding long term.
153 today 220 analysts estimates When are you planning an update ?
5 tickets for 5 dollars...haven't been to a fair in a while, huh?
@stoffelbrian
3 ай бұрын
I live in Costa Rica 😁
@sunjungsonne
3 ай бұрын
@@stoffelbrian that slipped my mind. Good for you! German greetings from Kuala Lumpur ;)
An excellent explanation. There's just one point I'm not sure about. Maybe hiring more staff means management are optimistic, but there's a tendency for tech companies to bloat. From Business Today, "Musk claims that there were 'just under 8,000' staff members when he bought the company. Now, Twitter is left with around 1,500 employees". X still functions. Maybe the bloat wasn't the whole 82.5% implied by those figures, and maybe there are some ways in which X is worse because of the employee reduction, but that's still a massive reduction and the platform still basically works. That's just to say that a tech company can have a huge amount of bloat, it doesn't mean that SNOW has to be the same, I just have some doubt about SNOW hiring being a good sign.
@stoffelbrian
3 ай бұрын
That could be. But SNOW has been very prudent about these things
@riffsoffov9291
3 ай бұрын
@@stoffelbrian Good, and thanks. Any chance you can explain how you know?
@stoffelbrian
3 ай бұрын
Been following the company for years
Nope just Palantir taking their business
You pretty much layed it out. Its down because its expensive!
I made a bull put spread on Snowflake this morning as soon as markets opened. It's currently 17% of max profit. On Monday, after IV drops, I'll lock in my profits.
2B Revenue over 50B market cap...oh yes...very cheap lol
These stock prices imply no recession for 10 years as well
@UziGameGP
3 ай бұрын
Ah yes stock prices imply recessions.... XD
@northraptor
3 ай бұрын
When you do the DCF, if there is a recession, you're going to expect some years with lower growth@@UziGameGP
snowflake isn't an AI company 🤣🤣🤣🤣🤣
Another India CEO from Google?
@WORLDCITIZEN2004
3 ай бұрын
Top companies CEOS' are Indians... If all the Indians go back to India, India will be super power by 2075..
@crispyduck1706
3 ай бұрын
It’s the new way
@UziGameGP
3 ай бұрын
Jewish america loves indians
@jankay8569
3 ай бұрын
Nepotism is rempant amongst the indians
Any which way you spin this, it just seems like all the metrics to justify the stock price drop says it’s extreme valuation even at $180 after hour price. We saw what happen in 2022 and when stocks are at extreme stock prices, the prices can drop 80-90%. The company says it is growing next year at 22% but you say it will grow 21% every year for the next 10 years makes no sense. If the company was growing at 100% now and 10 years later it grows on 21%, I can justify that, not at 22% growth with extreme valuations
@eralec
3 ай бұрын
then sell
@stoffelbrian
3 ай бұрын
I believe it will grow FAR faster than 22% in the next year
Too much competition against AWS, Azure and GCP. I have no idea why Warren Buffett bought this.
@tdan89
3 ай бұрын
He didn t...one of his colleagues did. Also they bought before IPO
@method341
3 ай бұрын
@@tdan89 I have a feeling he might not be working there anymore
@spleenful
3 ай бұрын
Snow doesnt compete with those, rather integrates and works together
@bombmanNL
3 ай бұрын
SNOW is build on these cloud providers infrastructure, you have totally no qlue wat you’re talking about
@6toolbaseball
3 ай бұрын
@@spleenfulOur company just left Snowflake for GCP
calm down with your exaggerated titles!!! AI BUBBLE POP