Michael Burry backs Veeva, calls Snowflake overvalued after earnings beat
Michael Burry said he remains bullish on Veeva Systems (VEEV) but called Snowflake (SNOW) very overvalued, citing Snowflake shares surging more than 23% following an earnings beat.
Michael Burry (Trades, Portfolio) is drawing a sharp line between two software stocks benefiting from the AI boom, staying bullish on Veeva Systems NYSE:VEEV while calling Snowflake NYSE:SNOW very overvalued.
The contrast comes as Snowflake shares surged more than 23% after another earnings beat, w…