Posted 3/4/2024, 10:35:00 AM
Alphabet and Snowflake Stocks Face Growth Concerns in AI and Cloud Markets
- Snowflake and Alphabet offer different ways to invest in growing AI market, but both stocks have underperformed in 2023
- Alphabet facing variety of challenges in core advertising business leading to slower revenue growth
- Snowflake's revenue growth slowing, at risk of missing long-term targets due to competition and macro environment
- Alphabet's growth dependent on Google Cloud catching up to Microsoft, Amazon in cloud market
- Despite risks, Alphabet stock looks cheaper than high-multiple Snowflake stock right now