You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Snowflake is done buying GPUs until revenue materializes, which is a show to the artificial intelligence growth story.
Snowflake's (SNOW 1.38%) CFO dropped some massive news recently, saying the company won't buy any more GPUs for artificial intelligence until they see revenue materialize. This could pour cold water on the growth projections many investors have put on AI stocks, which Travis Hoium shows in this video.
*Stock prices used were end-of-day prices of Sept. 16, 2024. The video was published on Sept. 16, 2024.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Snowflake. The Motley Fool has positions in and recommends Alphabet, Nvidia, and Snowflake. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
Related Articles
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
