Snowflake Shares Tumble Following FY25 Guidance and CEO Change

Analysts offer mixed views on Snowflake's future as the company shifts focus to AI under new leadership.

Snowflake Inc shares fell by over 20% following the announcement of FY25 guidance and CEO transition.
Analysts have mixed reactions, with some downgrading the stock and others maintaining a positive outlook, citing conservative guidance.
New CEO Sridhar Ramaswamy, with a strong AI background, takes over, signaling a strategic focus on AI.
Despite the CEO transition and guidance concerns, analysts highlight Snowflake's solid quarter performance and potential for AI-driven growth.
Investors are advised to watch Snowflake's progress in the AI market before making investment decisions.