15 Buzzing AI Stocks Making Headlines

Page 10 of 14

5. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is an artificial intelligence data cloud company. On November 25, Wedbush upgraded Snowflake Inc. (NYSE:SNOW) to “Outperform” from Neutral with a $190 price target. The analyst told investors in a research note that it’s time for the broader software space to “get in on the AI party”, upgrading stocks such as Elastic, Palantir, and Salesforce alongside. Wedbush, bullish about the next phase of the artificial intelligence revolution, said that the enterprise consumption phase will begin in 2025 with the launch of large language models as use cases are “exploding”. The true adoption of generative AI will be a major catalyst for the software sector. In particular, Snowflake is well-placed to benefit from the increasing demand for AI-driven solutions.

Page 10 of 14