Alphabet Sells Off Its Remaining Stake in Snowflake

Alphabet Inc., the parent company of Google, has officially sold off all its remaining shares in cloud-based data warehousing company Snowflake Inc.

This move marks the end of Alphabet’s investment in Snowflake, which had been a part of its portfolio for several years.

According to recent regulatory filings, Alphabet initially held 535,604 shares of Snowflake through its Google LLC unit at the beginning of 2022.

Over time, the company steadily reduced its holdings. In the third quarter of 2024, Alphabet offloaded 421,050 shares, bringing its stake down to 114,554 shares. The final sale of these remaining shares occurred in the fourth quarter of 2024, completing the divestment.

The decision to sell off its entire Snowflake stake aligns with Alphabet’s broader investment strategy, which has seen the company refocus on core business areas such as artificial intelligence, cloud computing, and other high-growth sectors.

Snowflake, known for its cloud-based data storage and analytics services, remains a significant player in the industry despite Alphabet’s exit.

Analysts speculate that Alphabet’s divestment could be linked to its competitive positioning in the cloud computing space.

Snowflake has been a key partner for multiple cloud providers, including Google Cloud, but also works closely with Alphabet’s rivals such as Amazon Web Services (AWS) and Microsoft Azure.

Despite Alphabet’s departure, Snowflake continues to demonstrate strong growth and remains a leader in the cloud data market.

The company’s recent earnings reports have highlighted steady revenue growth and increased adoption among enterprise clients.

As Alphabet shifts its focus to other strategic investments, industry watchers will be keen to see how Snowflake’s stock and business trajectory evolve in the coming months.

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