CNBCのインスタグラム(cnbc) - 9月17日 00時01分


Snowflake’s stock market debut on Wednesday has generated buzz on Wall Street. 👀⁠

On Tuesday, Snowflake priced shares at $120, which would put the company's debut at a valuation of $33.3 billion. Investors almost never see a company with close to $500 million in annualized revenue that’s still doubling every year. Yet one of Snowflake’s biggest growth catalysts is also among its greatest risks.⁠

Snowflake sells a database in the cloud that primarily relies on infrastructure from Amazon Web Services and has committed to spending $1.2 billion on technology from AWS over five years. At the same time, AWS is making heavy engineering and promotional investments in its own competitor, Redshift. To lessen its reliance on AWS, Snowflake is also using cloud services from Microsoft and Google. But AWS is still, by far, Snowflake’s biggest vendor.⁠

Could this concern investors? Link in bio.⁠


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