Snowflake Inc., a cloud computing stock, forecasts industry growth from $0.68T in 2024 to $1.44T by 2029 (16.4% CAGR)
Snowflake Inc. (SNOW), a cloud computing stock, is positioned in the growing industry, with market estimates suggesting a jump from $0.68 trillion in 2024 to $1.44 trillion by 2029, reflecting a 16.4% CAGR. As tech stocks are predicted to outperform non-tech stocks in 2024 with tech earnings compounded at 16% and non-tech at 6%, companies like Snowflake investing in augmented intelligence can experience secular growth.
June 29, 2024
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