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Stock to Watch: $SNOW
Snowflake is holding up quite well.
It’s been stuck in this choppy range for over three years now, so finally seeing it push above that is a good sign.
This is just the first step, but it’s definitely encouraging. It could be the start of a new Stage 2 uptrend, as long as it can stay above that range.
It’s not the fastest growing company out there and it’s still not profitable. But Snowflake plays a key role in the AI revolution. So, it’s worth watching.
Previous Updates
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- Weekly Market Update: All Eyes On the Mag 7
- Weekly Market Update: Earnings Season Is Here
- Market Update: The FinTech Comeback
- Weekly Market Update: Halftime
- Market Update: The Robots Are Coming
- Weekly Market Update: The Broadening
- Market Update: The Break Point
- Weekly Market Update: Patience
- Market Update: The Memory Crunch
- Weekly Market Update: The First Trillionaire
- Market Update: In Focus
- Weekly Market Update: Deleveraging
- Market Update: A Change of Character