Here's one of the big bright spots from recent financial results.Whenever I write about cloud-based data company Snowflake (SNOW -1.69%), I try to do so with plenty of nuance. It's a complex business with a lot to consider. I don't want to downplay the good but I don't want to overlook the bad either -- both sides must be considered to make a confident investment decision.On May 22, Snowflake reported financial results for its fiscal first quarter of 2025. The report contained some bullish news that some mi ...

Which of these high-growth tech stocks is the better buy right now?Nvidia (NVDA 0.81%) and Snowflake (SNOW -1.69%) represent two different ways to invest in the growing artificial intelligence (AI) market. Nvidia is the world's largest producer of discrete GPUs, which are used to render high-end graphics and process AI tasks. Snowflake's cloud-based data warehouses store and clean up large amounts of data so it can be easily accessed by third-party applications. That process makes it easier for AI applicati ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Snowflake Inc. (SNOW) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Snowflake currently has an average b ...

文章核心观点 - 人工智能(AI)正在为投资者创造大量价值,但并非所有AI股票目前都值得购买[1] - Snowflake公司的Data Cloud是一个很好的工具,可以帮助大型复杂组织打破数据孤岛,更有效地提取有价值的洞见[5] - Snowflake推出的Cortex AI平台可以帮助企业实现其AI目标,包括快速构建AI聊天机器人、提取非结构化数据等[6][7][8] - 但Snowflake的收入增长正在放缓,同时成本和亏损也在增加,这可能会导致股价停滞[10][11][12] - Snowflake的股价估值非常昂贵,即使预计未来一年收入增长也只有24%,这很难证明其目前的溢价估值[14][15] 公司概况 - Snowflake是一家云计算公司,其Data Cloud产品可以帮助企业打破数据孤岛[5] - Snowflake最近推出了Cortex AI平台,提供多种AI工具和功能,如AI聊天机器人、文档数据提取等[6][7][8] - Cortex AI平台已经有750个Snowflake客户采用[8] 财务表现 - Snowflake最近一个季度的产品收入增长34%,但增速较去年同期的50%有所放缓[10] - 同时Snowflake的研发支出大幅增加48%,导致净亏损增加40%[11] - Snowflake预计未来一年的产品收入增长只有24%[15] 估值分析 - Snowflake的股价目前已经大幅低于2021年末的历史高点,但其市盈率仍然非常高,达到17.2倍[13][14] - 即使未来收入增长也只有24%,这很难证明Snowflake目前的高估值[15] - 如果Snowflake无法加快收入增长,其股价可能会继续下跌[16]

公司业绩 - 2025财年第一季度营收8.29亿美元，同比增长33%，超出分析师预期4300万美元 [1] - 调整后净利润5100万美元，同比下降5%，每股收益0.14美元，低于预期0.03美元 [1] - 产品收入增长率从2021财年120%降至2024财年38%，净收入留存率从2022财年178%降至2025财年第一季度128% [3][5][6] 市场表现 - 股价在财报发布后下跌，年内跌幅超20%，同期纳斯达克指数上涨10% [1] - 2021年11月股价曾达历史高点401.89美元，对应企业价值1190亿美元，为2022财年营收的98倍 [3] - 当前企业价值480亿美元，对应市销率14倍，仍高于行业水平 [9] 商业模式 - 提供跨云平台数据仓库服务，相比AWS和Azure更具灵活性 [2] - 采用按使用量收费模式而非订阅制 [2] - 正加大AI应用相关数据中心GPU投入 [6] 管理层与战略 - 前CEO Frank Slootman年初突然离职，曾提出2029财年实现100亿美元产品收入目标 [8] - 需保持30%年复合增长率才能达成目标，但分析师预计2024-2027年CAGR仅23% [8] - 第一季度进行5.16亿美元股票回购，同期股价下跌30% [7] 财务指标 - 非GAAP产品毛利率77%，与去年同期持平 [6] - 运营利润率下降1个百分点至4%，调整后自由现金流利润率下降2个百分点至44% [6] - 过去12个月内部人士卖出股票数量是买入量的6倍 [9]

Many think of AI as a tailwind, but it's a small headwind for Snowflake.Snowflake (SNOW 1.02%) is a cloud-based enterprise software company that revolves around data. Any business that wants to get the most value out of its data may find value in Snowflake's platform, and any investor attracted to top-line growth will appreciate the stock too.Since going public in 2020, Snowflake's revenue growth has been superb -- few companies can even come close to matching this track record. Investors remain enthusiasti ...

公司概况 - 公司成立于1993年,是一家专注于提供财务服务,致力于让世界变得更加聪明、快乐和富有的公司 [2] - 公司通过旗下的高级投资解决方案、Fool.com上的免费指导和市场分析、顶级播客以及非营利性的Motley Fool基金会等方式,每月触达数百万人 [2] 公司使命 - 让世界变得更加聪明、快乐和富有 [1]

文章核心观点 - 人工智能（AI）革命正在加速进行，推动了Nvidia和Microsoft等早期领导者的增长，并可能在未来重塑全球经济 - AI的收入和利润来源多样，包括硬件、软件和服务、消费者产品以及企业应用 - 未来，AI的收入来源将进一步扩展到自主系统、AI驱动的创新和数据货币化 - AI的财富创造和再分配效应需要平衡，以确保可持续的经济增长和社会效益 [1][2][7][12] 当前AI收入和利润来源 AI-enabling硬件 - 当前AI利润主要来自销售用于AI计算的硬件，如Nvidia的高端图形处理单元（GPU），这些GPU作为AI加速器，对训练和部署AI模型至关重要 - 高需求推动了硬件公司的收入增长和股价上涨 [3] 软件和服务 - AI驱动的软件和平台是另一大收入来源，如Microsoft通过Azure云服务提供AI驱动的应用和机器学习模型 - 软件收入的一部分流向硬件制造商和系统构建商 [4] 消费者产品 - AI逐渐嵌入消费者产品，如AI驱动的虚拟助手和个性化推荐平台，通过订阅、广告和智能设备销售产生收入 - 消费者支付软件巨头，推动了AI技术的广泛应用 [5] 企业应用 - 企业广泛采用AI优化运营、决策和消费者产品创新，如医疗、金融、零售和制造业的AI解决方案 - 企业应用的收入通过软件层流向硬件供应商 [6] 未来AI收入来源 自主系统 - 自主车辆、无人机和机器人等技术将提供重要收入来源，如Tesla和Waymo等公司正在引领这些技术的发展 - 这些技术可能改变运输和物流，创造新市场和收入流 [9] AI驱动的创新 - AI技术成熟将催生全新行业和服务，如AI驱动的药物发现、智能电网和精准农业 - 这些创新可能开辟广阔新市场，促进长期收入增长 [10] 数据货币化 - AI依赖大量数据，能够有效利用和货币化数据的公司将具有竞争优势 - 数据即服务（DaaS）模式为企业提供洞察和分析，同时利用自身运营数据增强服务和客户体验 [11] 平衡财富创造和再分配 - AI的财富创造通过硬件和软件销售、新行业创新等多种渠道实现 - 财富创造的收益可能不均，需通过教育、再培训、公平竞争和隐私保护等措施确保广泛的社会效益 [12][13]

Key PointsSnowflake had a solid quarter and raised guidance for product sales, supported by demand for AI.A hint of increased collaboration with NVIDIA helped to support the market. Analysts are raising their targets and leading this stock to the high end of its trading range. 5 stocks we like better than SnowflakeSnowflake NYSE: SNOW shares have been floundering for the last two years, but those days are ending. The Q1 F25 results were solid, pointing to persistent growth, and the hint of increased collabo ...

Key TakeawaysCloud storage provider Snowflake missed first-quarter profit expectations and scaled back its full-year operating income guidance when it reported earnings after the bell Wednesday.Snowflake's revenue came in better than analysts expected, however, benefiting from continued strong artificial intelligence (AI) product demand.Snowflake shares rose in early trading Thursday, before reversing course to finish lower. Snowflake (SNOW) shares declined Thursday after the cloud data storage provider mis ...