Snowflake (SNOW) - Share Chat

Looks to be live. Just invested a massive fiver. Lambo soon :money_with_wings:

Sorry for the delay, everyone, we had some pricing issues.

The good news is that $SNOW is live on your app now, and we’re working to fix the historical pricing issue.

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Damn it’s up over 200% - oh now I don’t know if I want to invest yet, it is just a freakin database at the end of the day isn’t it?

$270?! That escalated quickly!

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Nice FX rate!

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Good sign of a bubble - when valuations are inexplicable to people working in the industry, but money flows in anyway because of fomo.

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Tbh, I’ll just keep buying more Amazon.

Snowflake sells a database in the cloud that primarily relies on infrastructure from Amazon Web Services and has committed to spending $1.2 billion on technology from AWS over five years.

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I hope for a time when Amazon will be broken up and AWS floats.

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Did anyone buy in on FT?

There is a lot of risk in the IPO process for investors. If someone believed a company was worth £5 per share it would not be a wise move to pay £5 per share per IPO.

Dropping today.

Might be a chance to get in coming up. Not yet for me though

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When would you go in?

I wish I knew :rofl:

Interest take from this guy on snowflack

Just a heads up but the market cap for Snowflake is wrong in the app

The market cap is wrong for a few other companies as well.

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Does anyone else think there are a bit too many high-cap ‘cloud’ players in the market now?

Seems ripe for some kind of correction and almost inevitable there will be some kind of competitor consolidation from 2-3 winners.

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Globally speaking, it’s still a fairly low percentage of companies that use cloud services. So there’s a staggering growth potential still. Not taking into consideration all the growth coming from existing cloud users. There’s no other IT service that I am this bullish on (working in a cloud-native infrastructure myself).

What’re your thoughts on Palantir? Seems there’s a lot of hype around it at the moment