Snowflake went public today and the stock skyrocketed to over $300 at the open!

The company was valued at $12 billion only 6 months ago, and today Snowflake’s Market Value has increased more than 5X to $75 billion! Those who invested in Snowflake (6 months ago) are literally swimming in cash!

Technology stocks are on a tear this year and Snowflake has become a ‘must own’ stock for money managers, as it offers, though little, but much needed diversity to their core holdings.

Snowflake’s technology helps companies manage their data more efficiently, it works with large cloud storage providers like Amazon (AWS) Microsoft (Azure) and their biggest customers like Capital One and Disney, they use Snowflake’s technology to gain insight into their customer data to help them monitor and manage marketing opportunities.

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Sources: Oxbridge Research  Daily Stock Deals