Why Snowflake Stock Plunged Today

Joe Tenebruso, The Motley Fool
·2 min read
Why Snowflake Stock Plunged Today

Shares of Snowflake (NYSE: SNOW) fell 10.7% on Monday, extending the decline in the data-warehousing company's stock price since its fourth-quarter earnings report on Wednesday. Snowflake's stock price sank on Monday. The company is spending heavily to seize a growth opportunity it pegs at $14 billion for its core data warehousing service -- and more than $80 billion when factoring in the entire cloud data market.