Quick $SNOW Thoughts
I’ll be watching the Analyst Day presentation later today, but some quick thoughts on the announcements I’ve seen so far:
- I like how the product announcements revolve around application development and incorporating Streamlit. Mission critical apps will support already elite customer stickiness and net revenue retention.
- Unistore Workload appears to continue to expand Snowflake’s TAM. Private preview success with a company like Adobe is encouraging. “50x improvement in delivery preparation time” is no joke.
- The more Python/Anaconda support the better, and it looks like Snowflake is more than doubling down with heavy investment for Snowpark in Python, now in public preview.
I may never fully understand $SNOW, but it is one of those companies that has too many smart people following it, supported by incredible growth, for me not to own a tiny bit to start.
Will have to look at everything later today and see what I can make sense of. 😂