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A re-acceleration of inflationary trends or sharply lower trade activity would undermine the bullish thesis.
However, I believe there is ample room for revenue growth re-acceleration at the company, especially in the light of current developments in AI.
Source: https://seekingalpha.com/article/4607385-snowflake-stock-final-sale?source=feed_all_articles
However, this re-acceleration narrative could soon be proven wrong.
Source: https://investorplace.com/market360/2023/02/2-reasons-why-the-nio-stock-slump-will-continue-in-2023/
“There’s more risk of a recession than a re-acceleration in inflation at these interest rates,” said Julia Coronado, president of MarcoPolicy Perspectives, an economic research firm.