Exploring Snowflake’s resilient Q3 FY24 performance amid changing cloud dynamics. Insights on gross margin expansion, headcount increases, US concentration, network effects, and the marketplace’s impact. A detailed analysis shedding light on Snowflake’s strategic moves and growth potential
Category: Snowflake
Snowflake – Overvalued, but for a very good reason
In Sept 2020, long-term Warren Buffett watchers were surprised to learn that Berkshire Hathaway purchased shares of a ‘Cloud Company’ called Snowflake during its IPO debut. This action was atypical of Buffett – who famously eschews Technology Stocks as they are outside his ‘circle of competence’. Buffett also had a stated aversion to buying companies…