15 AI News That Broke The Internet

Page 9 of 14

6. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

On November 22, Citi raised the firm’s price target on Snowflake Inc. (NYSE:SNOW), an artificial intelligence data cloud company, to $225 from $183 and kept a “Buy” rating on the shares. The rating comes amid Snowflake’s so-called “redemption” quarter, characterized by “robust” sales outperformance, accelerating bookings strength, ramping new product contribution, and stabilizing recurring revenue. The management is optimistic, highlighting new artificial intelligence and data engineering products, which outweighed challenges like storage and optimization issues.

Page 9 of 14