Software is So Back

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In this edition, you’ll read an in-depth analysis of a great stock we’ve been watching: 👇

Stock Deep Dive: Snowflake (SNOW-US, $56B MCAP)

There’s currently a pocket of the market that’s staging an epic comeback.

At the beginning of the year, many investors fell out of love with software, as the same sentiment grew across many online talking heads: Is Software Dead?

A lot of the weakness focused on the slowdown in fundamentals paired with the concern that artificial intelligence would ruin the revenue model of companies that have enjoyed decades of high and sticky growth — paired with high margins.

It looks like some of these companies are starting to turn the corner as bookings growth improves and compressed multiples drive relative buying in the space.

The risk/reward opportunity here looks like it could have more legs into the first half of next year.

Speaking of comebacks, the top pick in this month’s deep dive had drastically underperformed both the market and its peers.

Until their recent quarterly report was released.

This company is now gathering significant momentum into what could be an excellent 2025.

So let’s get to it.

• Why now? 👉 Software is So Back

• Overview 👉 What Does Snowflake Do?

• Product Suite 👉 Business Units

• How Do They Make Money? 👉 Consumption Model

• By The Numbers 👉 Key Metrics

• Risks 👉 Potential Pitfalls

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