Nvidia stock is up, but it’s a snowflake winter. A tale of two plays of artificial intelligence.
It was the best of times, it was the worst of times. Snowflake, one of the major players in cloud-related software, posted better-than-expected growth for the April quarter, but provided disappointing guidance for the July quarter and lowered its full-year revenue forecast. Ergo, while Nvidia stock rose 25% Thursday, Snowflake stock fell 17% to $147.11. …