This Former Warren Buffett AI Stock Was a Market Darling in 2020, but Is Down 50% Today. Should Investors Buy the Dip?

Multibillionaire and legendary investor Warren Buffett isn't known as a fan of technology stocks. But even he couldn't resist getting in on Snowflake (NYSE: SNOW) when the company went public in 2020 as one of the hottest IPOs in recent history.The cloud-based data warehouse platform was considered an obvious home run at the time in a world deep into the cloud era, with artificial intelligence (AI) enthusiasm growing and an AI revolution right around the corner.However, the stock has been a massive letdown. Approaching five years since its IPO, Snowflake stock trades down about 50% from its all-time high, and Buffett, who invested in the IPO via Berkshire Hathaway, has moved on, selling Berkshire's entire stake in Snowflake last year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool