15 AI News That Broke The Internet

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8. Snowflake Inc. (NYSE:SNOW)

Market Capitalization: $41.40 billion

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company. It is benefiting from the AI boom considering data warehouses are a critical component in making AI useful for enterprises.

One of the biggest analyst calls for Tuesday, November 12, was Snowflake Inc. (NYSE:SNOW). DA Davidson has reiterated the stock as a “Buy”, even adding it to its “Gold Trophy” best ideas list. The D.A. Davidson Gold Trophy List is a selection of top stock ideas from the firm’s Best-of-Breed Bison list. This elite subset strives to represent the highest quality “buy list” within D.A. Davidson’s coverage.

“Snowflake is the leading cloud data warehousing platform, allowing its customers to run analytics on data that is stored within their database. As more enterprises shift their data to the cloud from on-premise servers, Snowflake offers their customers the ability to gain valuable insights into their data in an easy, and intuitive manner.”

-DA Davidson

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