Has Summertime Come For Snowflake’s Stock?

Snowflake is a data-driven company that provides products to help businesses utilize their data to its fullest potential. Its stock has gone public at a high valuation, but many investors are now underwater since its initial public offering in late 2020. While data is becoming increasingly important in today’s business practices, it remains to be seen if Snowflake will be able to grow fast enough to make up for its high valuation.