Nvidia's AI Hardware Growth Continues Unabated
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy SNOW?
Source: Fool
- Optimistic Earnings Forecast: Analysts project a 73% increase in Nvidia's earnings this year, alongside a 70% revenue surge to $367 billion, highlighting robust demand and sustained growth potential in the AI chip market.
- Market Performance Lag: Despite Nvidia's strong fundamentals, its stock has only gained 2% over the past six months, significantly trailing the 27% rise in the PHLX Semiconductor Sector index, indicating external market factors impacting its stock price.
- Alphabet's AI Integration: Alphabet's Gemini app now boasts over 750 million monthly active users, with the integration of AI tools significantly enhancing user engagement and improving ad spending returns, which is expected to further bolster its competitive position in the market.
- Snowflake's Significant Customer Growth: Snowflake's customer base grew by 21% year-over-year in Q4 of fiscal 2026, reaching 13,328, with the adoption of AI solutions driving a 42% year-over-year increase in remaining performance obligations (RPO) to $9.77 billion, indicating strong business growth potential.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SNOW?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SNOW
Wall Street analysts forecast SNOW stock price to rise
33 Analyst Rating
30 Buy
3 Hold
0 Sell
Strong Buy
Current: 177.250
Low
237.00
Averages
278.19
High
312.00
Current: 177.250
Low
237.00
Averages
278.19
High
312.00
About SNOW
Snowflake Inc. is a data cloud and artificial intelligence company. Its platform is the technology that powers the AI Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. It provides its platform through a customer-centric, and consumption-based business model. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record. Its ClearQuery platform allows users to rapidly search, explore, and analyze their data using natural language queries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Snowflake Reports Strong Q4 with 30% Revenue Growth Driven by AI Expansion
- Strong Financial Performance: Snowflake achieved $1.28 billion in Q4 FY2026 revenue, reflecting a 30% year-over-year growth, indicating robust demand for its AI Data Cloud services driving financial growth.
- Customer Base Expansion: The addition of 740 new customers brings the total to 790, with 733 clients now spending over $1 million annually, showcasing Snowflake's market appeal and enhanced customer loyalty.
- Optimistic Future Outlook: The company expects FY2027 product revenue to reach approximately $5.66 billion, representing a 27% growth rate, and is guiding for a non-GAAP product gross margin of 75%, reflecting management's confidence in future growth.
- Continuous Technological Innovation: With over 430 new capabilities launched, Snowflake's AI features are now adopted by over 9,100 accounts, further solidifying its leadership position in the enterprise AI sector.
See More
Nvidia's AI Hardware Growth Continues Unabated
- Optimistic Earnings Forecast: Analysts project a 73% increase in Nvidia's earnings this year, alongside a 70% revenue surge to $367 billion, highlighting robust demand and sustained growth potential in the AI chip market.
- Market Performance Lag: Despite Nvidia's strong fundamentals, its stock has only gained 2% over the past six months, significantly trailing the 27% rise in the PHLX Semiconductor Sector index, indicating external market factors impacting its stock price.
- Alphabet's AI Integration: Alphabet's Gemini app now boasts over 750 million monthly active users, with the integration of AI tools significantly enhancing user engagement and improving ad spending returns, which is expected to further bolster its competitive position in the market.
- Snowflake's Significant Customer Growth: Snowflake's customer base grew by 21% year-over-year in Q4 of fiscal 2026, reaching 13,328, with the adoption of AI solutions driving a 42% year-over-year increase in remaining performance obligations (RPO) to $9.77 billion, indicating strong business growth potential.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Deadline: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies would negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, highlighting its extensive experience and success in this field.
- How to Participate: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, ensuring they select qualified legal counsel to represent them in the lawsuit and avoid inexperienced intermediaries.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Timeline: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE:SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, to participate in the class action and potentially receive compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies would negatively impact consumption and revenues, resulting in investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and recovered over $438 million for investors in 2019 alone, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its extensive experience and success in the field.
- Investor Action Recommendations: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure optimal representation in the lawsuit and avoid inexperienced intermediaries.
See More
Snowflake Faces Class Action Lawsuit Risks
- Class Action Notice: Robbins Geller law firm announces that investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, must apply by April 27, 2026, to serve as lead plaintiff, highlighting investor concerns over potential legal risks facing the company.
- Allegations in Lawsuit: The lawsuit alleges that Snowflake and certain former executives made false statements and failed to disclose that product efficiency gains, Iceberg Tables, and tiered storage pricing were expected to materially negatively impact revenues, casting doubt on the company's ability to achieve $10 billion in revenue by 2029.
- Stock Price Reaction: Following the February 28, 2024, financial results announcement, which forecasted increased revenue headwinds due to product efficiency gains and tiered storage pricing, Snowflake's Class A common stock fell over 18%, reflecting market concerns regarding the company's future financial health.
- Law Firm Background: Robbins Geller is a leading law firm in securities fraud and shareholder rights litigation, recovering over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years, demonstrating its significant strength and influence in the securities class action landscape.
See More
Faruqi & Faruqi Investigates Snowflake Securities Litigation
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating potential claims against Snowflake Inc., particularly for investors who purchased securities between June 27, 2023, and February 28, 2024, urging them to contact the firm before the April 27, 2026 deadline to seek lead plaintiff status, thereby protecting their legal rights.
- Financial Results Disclosure: On February 28, 2024, Snowflake disclosed its financial results for the quarter ending January 31, 2024, indicating expected revenue headwinds due to product efficiency gains and tiered storage pricing, which led to an 18.14% stock price drop from $230 to $188.28 the following day, reflecting market concerns about the company's outlook.
- Executive Change Impact: On the same day, Snowflake announced the retirement of CEO Frank Slootman, which may further exacerbate investor anxiety and impact the company's strategic direction and market confidence moving forward.
- Investor Rights Protection: Faruq & Faruqi encourages all individuals with information regarding Snowflake's conduct, including whistleblowers and former employees, to come forward to provide legal support for affected investors, ensuring their rights are fully protected.
See More
Snowflake Reports Strong Q4 with 30% Revenue Growth Driven by AI Expansion
- Strong Financial Performance: Snowflake achieved $1.28 billion in Q4 FY2026 revenue, reflecting a 30% year-over-year growth, indicating robust demand for its AI Data Cloud services driving financial growth.
- Customer Base Expansion: The addition of 740 new customers brings the total to 790, with 733 clients now spending over $1 million annually, showcasing Snowflake's market appeal and enhanced customer loyalty.
- Optimistic Future Outlook: The company expects FY2027 product revenue to reach approximately $5.66 billion, representing a 27% growth rate, and is guiding for a non-GAAP product gross margin of 75%, reflecting management's confidence in future growth.
- Continuous Technological Innovation: With over 430 new capabilities launched, Snowflake's AI features are now adopted by over 9,100 accounts, further solidifying its leadership position in the enterprise AI sector.
See More
Nvidia's AI Hardware Growth Continues Unabated
- Optimistic Earnings Forecast: Analysts project a 73% increase in Nvidia's earnings this year, alongside a 70% revenue surge to $367 billion, highlighting robust demand and sustained growth potential in the AI chip market.
- Market Performance Lag: Despite Nvidia's strong fundamentals, its stock has only gained 2% over the past six months, significantly trailing the 27% rise in the PHLX Semiconductor Sector index, indicating external market factors impacting its stock price.
- Alphabet's AI Integration: Alphabet's Gemini app now boasts over 750 million monthly active users, with the integration of AI tools significantly enhancing user engagement and improving ad spending returns, which is expected to further bolster its competitive position in the market.
- Snowflake's Significant Customer Growth: Snowflake's customer base grew by 21% year-over-year in Q4 of fiscal 2026, reaching 13,328, with the adoption of AI solutions driving a 42% year-over-year increase in remaining performance obligations (RPO) to $9.77 billion, indicating strong business growth potential.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Deadline: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, or risk losing their right to compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies would negatively impact consumption and revenues, leading to investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and has recovered over $438 million for investors in 2019 alone, being ranked first by ISS Securities Class Action Services in 2017, highlighting its extensive experience and success in this field.
- How to Participate: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, ensuring they select qualified legal counsel to represent them in the lawsuit and avoid inexperienced intermediaries.
See More
Class Action Notice for Snowflake Inc. Investors
- Class Action Timeline: Rosen Law Firm reminds investors who purchased Snowflake Inc. (NYSE:SNOW) Class A common stock between June 27, 2023, and February 28, 2024, that they must apply to be lead plaintiff by April 27, 2026, to participate in the class action and potentially receive compensation.
- Lawsuit Background: The lawsuit alleges that Snowflake made repeated positive statements about its business during the class period while failing to disclose that product efficiency gains and pricing strategies would negatively impact consumption and revenues, resulting in investor losses when the truth emerged.
- Law Firm Credentials: Rosen Law Firm specializes in securities class actions and recovered over $438 million for investors in 2019 alone, being ranked No. 1 by ISS Securities Class Action Services in 2017, showcasing its extensive experience and success in the field.
- Investor Action Recommendations: Investors can visit the Rosen Law Firm website or call the toll-free number for more information, emphasizing the importance of selecting qualified legal counsel to ensure optimal representation in the lawsuit and avoid inexperienced intermediaries.
See More
Snowflake Faces Class Action Lawsuit Risks
- Class Action Notice: Robbins Geller law firm announces that investors who purchased Snowflake Inc. (NYSE: SNOW) Class A common stock between June 27, 2023, and February 28, 2024, must apply by April 27, 2026, to serve as lead plaintiff, highlighting investor concerns over potential legal risks facing the company.
- Allegations in Lawsuit: The lawsuit alleges that Snowflake and certain former executives made false statements and failed to disclose that product efficiency gains, Iceberg Tables, and tiered storage pricing were expected to materially negatively impact revenues, casting doubt on the company's ability to achieve $10 billion in revenue by 2029.
- Stock Price Reaction: Following the February 28, 2024, financial results announcement, which forecasted increased revenue headwinds due to product efficiency gains and tiered storage pricing, Snowflake's Class A common stock fell over 18%, reflecting market concerns regarding the company's future financial health.
- Law Firm Background: Robbins Geller is a leading law firm in securities fraud and shareholder rights litigation, recovering over $916 million for investors in 2025 alone, and a total of $8.4 billion over the past five years, demonstrating its significant strength and influence in the securities class action landscape.
See More
Faruqi & Faruqi Investigates Snowflake Securities Litigation
- Legal Investigation Launched: Faruq & Faruqi LLP is investigating potential claims against Snowflake Inc., particularly for investors who purchased securities between June 27, 2023, and February 28, 2024, urging them to contact the firm before the April 27, 2026 deadline to seek lead plaintiff status, thereby protecting their legal rights.
- Financial Results Disclosure: On February 28, 2024, Snowflake disclosed its financial results for the quarter ending January 31, 2024, indicating expected revenue headwinds due to product efficiency gains and tiered storage pricing, which led to an 18.14% stock price drop from $230 to $188.28 the following day, reflecting market concerns about the company's outlook.
- Executive Change Impact: On the same day, Snowflake announced the retirement of CEO Frank Slootman, which may further exacerbate investor anxiety and impact the company's strategic direction and market confidence moving forward.
- Investor Rights Protection: Faruq & Faruqi encourages all individuals with information regarding Snowflake's conduct, including whistleblowers and former employees, to come forward to provide legal support for affected investors, ensuring their rights are fully protected.
See More
