Why Snowflake stock is surging
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Snowflake's stock is experiencing a surge as part of the AI-driven market rally, despite having underperformed the broader market for most of 2024.
November 21, 2024 | 3:30 pm
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Snowflake's stock is surging due to the AI market rally, although it has underperformed the broader market for most of 2024.
Snowflake is benefiting from the AI-driven market rally, which is boosting tech stocks. Despite its previous underperformance, the current market conditions are favorable for SNOW, leading to a surge in its stock price.
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