Snowflake Stock: Melting Expectations Or Temporary Setback?

1. Snowflake's stock declined 11% last year, underperforming the S&P 500. 2. Cut guidance for FY'25 and earnings misses hurt Snowflake's market sentiment. 3. Snowflake's competitive position may weaken due to rivals like Databricks and Google. 4. Growth in generative AI and cloud solutions could lead to future improvement. 5. Snowflake's net revenue retention rate is strong at 127% as of October 2024.