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Snowflake Stock’s Post-Earnings Tumble Reveals the Risks of AI Hype

Snowflake Stock’s Post-Earnings Tumble Reveals the Risks of AI Hype

Snowflake learned the hard way that talking up the glowing prospects for artificial intelligence is a surefire way to get investors excited—until it isn’t. It also announced the departure of Chief Executive Frank Slootman. “Snowflake has been the beneficiary of a generous tech tape with participation in this AI hype cycle, leaving the stock vulnerable in the long run,” writes Monness, Crespi, Hardt analyst Brian White.