Snowflake Inc vs Direxion Daily Semiconductor Bear 3X Shares — how do they compare? Snowflake Inc trades at $271.7 (market cap $95.09B), while Direxion Daily Semiconductor Bear 3X Shares trades at $45.27. Which is the better fit depends on your goals.
| SNOW | SOXS | |
|---|---|---|
Market Cap | $95.09B | — |
Sector | Technology | Leveraged / Inverse |
52-Week High | $280.16 | $1.61K |
52-Week Low | $121.11 | $32.50 |
Enterprise Value | $94.90B | — |
Trailing returns across standard periods
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Read more on SNOW →SOXS is a leveraged ETF that seeks daily investment results corresponding to 300% of the inverse (opposite) of the daily performance of the ICE Semiconductor Index. It is designed as a tactical tool for experienced traders to take a bearish (short) position on the semiconductor sector. Due to the effects of compounding and leverage, SOXS is intended to be held for a single day and is not suitable for long-term investment.
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