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Top related persons:
Alex Haissl - 2 Haissl - 2 Gartner - 1 — - 1 Michael Bloom - 1 Snowflake - 1 Brent Thill - 1 Piper Sandler's Brent Bracelin - 1
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Thursday's 2Q23 Snowflake Las Vegas
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Amazon Web - 1 AWS - 1 Amazon - 1 Wall Street - 1 Wolfe Research - 1 Snowflake's Summit - 1 Deutsche - 1 Palo Alto Networks - 1

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2 mentions found


☆ Amazon shares can rally more than 65% as cloud revenue growth reaccelerates, Redburn says
  + stars: | 2023-08-11 | by ( Pia Singh | ) www.cnbc.com   time to read: +2 min
Amazon can build on its already stellar year as revenue from its cloud business picks up steam once again, according to boutique equity research firm Redburn. The analyst cited the potential for Amazon Web Services — the company's cloud computing business — to see growth reignited after a slowdown. AWS holds leading market positions in areas such as databases, data warehouses, data lakes and machine learning, Haissl said. AWS reported 12% growth in the second quarter, surpassing analysts' forecast by 200 basis points, according to the note. Haissl also expects AWS revenue to grow by more than 20% and 30% in the third and fourth quarters of this year, respectively.
Persons: Alex Haissl, Haissl, Gartner, —, Michael Bloom Organizations: Amazon Web, AWS, Amazon Locations: Thursday's, 2Q23
☆ Despite near-term growth concerns, Wall Street analysts view this cloud stock as a long-term A.I. winner
  + stars: | 2023-06-01 | by ( Samantha Subin | ) www.cnbc.com   time to read: +4 min
Snowflake should emerge as a long-term artificial intelligence winner despite a host of near-term snowstorms, Wall Street analysts think. The cloud stock dropped more than 16% last Thursday after the company shared product revenue guidance that fell short of consensus expectations and results that indicated slowing growth. Even with these headwinds, many analysts remain positive on Snowflake's long-term trajectory, viewing an acquisition and the transition to the cloud as two catalysts for the stock. Deutsche Bank's Brad Zelnick said in a recent note that AI, among other developments, should drive customer stickiness and improved use cases. A murky future Not everyone seems optimistic about Snowflake's AI potential, however.
Persons: Snowflake, Brent Thill, Piper Sandler's Brent Bracelin, Raymond James, Simon Leopold, Frank Slootman, Goldman Sachs, Kash Rangan, Rangan, Brad Zelnick, Redburn, Alex Haissl, Haissl, — CNBC's Michael Bloom Organizations: Wall Street, Wolfe Research, Snowflake's Summit, Deutsche, Palo Alto Networks Locations: Snowflake, Las Vegas
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