Overview

• 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.