We recently published a list of 10 Stocks on Jim Cramer’s Radar. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against other stocks on Jim Cramer’s radar.
On Thursday, Mad Money host Jim Cramer cautioned viewers about what may lie ahead once the 90-day pause on new tariffs comes to an end. While discussing the latest Consumer Price Index report, Cramer acknowledged that the numbers looked favorable, with inflation appearing relatively tame and even some categories experiencing actual price declines. He pointed to energy prices, saying, “The best, anything it touched energy, which is plummeting.”
READ ALSO: Jim Cramer Discussed These 12 Stocks and 10 Stocks on Jim Cramer’s Radar Recently.
“This is essentially an embargo. President Trump’s ecstatic that the tariffs are already taking in $2 billion a day. He’s thrilled that supposedly 75 countries are begging for something more reasonable than the 90-day pause when the 90-day pause comes to an end.”
According to Cramer, President Trump is “ecstatic” that these tariffs are already generating $2 billion a day in revenue and is thrilled about 75 countries “supposedly” asking for something more workable once the 90-day grace period concludes. Despite the seemingly positive revenue flow, Cramer expressed concern over the broader consequences. He pointed out that many Americans have yet to grasp the full impact of trade policies that have allowed foreign businesses to flood U.S. markets with inexpensive products, often pricing out domestic companies.
While many consumers embraced the lower costs, Cramer reminded his audience that it came at the expense of American jobs. “Now we’re going to have to pay a price. He stressed that consumers should be prepared to pay significantly more for a wide range of goods. He said that the additional cost largely will likely benefit foreign companies, which will hike prices in response to the tariffs imposed on them. He clarified his position by stating he is not a staunch advocate of free trade for its own sake. “No other country plays by the rules on trade, so we shouldn’t either,” he said but cautioned:
“We just have to be more thoughtful about this or we’ll end up doing more harm than good. Again, as someone who wants fair trade, not free trade, I am rooting for the president to pull this off, but not at the expense of great American companies that have done nothing wrong and are the best in the world.”
Our Methodology
For this article, we compiled a list of 10 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on April 10. We listed the stocks in ascending order of their hedge fund sentiment as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A software engineer at work, surrounded by a wall of computer monitors connected to a ‘Data Cloud’ platform.
Snowflake Inc. (NYSE:SNOW)
Number of Hedge Fund Holders: 85
A caller inquired about Snowflake Inc. (NYSE:SNOW) and Cramer said:
“I like Snowflake. I like it. I think that, you know what, when I look at where that stock is now… they’re hitting a lot of the tech stocks. That may be a good one to be able to be in right now. God yes. It’s down the line. Went down $6 today. I pulled the trigger.”
Snowflake (NYSE:SNOW) offers a cloud-based data platform that helps organizations manage and unify their data to gain insights, develop applications, and address business challenges using AI. Burke Wealth Management stated the following regarding the company in its Q4 2024 investor letter:
“Snowflake Inc. (NYSE:SNOW): Chapter two of the Prodigal Son Returns features Snowflake. Snowflake’s return to the portfolio required some tangible progress on the product innovation front as well as an uptick in business momentum before I was ready to slaughter the proverbial fattened calf. To review, we sold our stake in Snowflake following its fourth quarter 2023 earnings release in which legendary CEO Frank Slootman announced his retirement and 2024 guidance came in significantly below expectations. While new CEO Sridhar Ramaswamy has an excellent reputation as an innovator in the technology sector, we needed to see some tangible signs of progress on that front as well as a stabilization in the core data analytics business before repurchasing the stock. That is what we got with the release of third quarter earnings. Consumption trends in the core business have stabilized and are improving while there are several exciting new product offerings around AI that have been added to the platform. We were early to Snowflake when we made our initial purchase in the summer of 2023. We subscribed to the belief that any companies seeking to implement AI solutions in their business will first need to make sure their data is both accessible and secure, which would drive tremendous demand for Snowflake’s platform. We still do. As we discussed in the agentic age portion of this letter, sometimes the path from installing the data center compute power necessary for generative AI and arrival of the applications necessary to unlock the productivity promises is not always straight. That said, while the path may be winding we remain confident in the ultimate destination. We think Snowflake is going to be a big player in helping enterprises get their data accessible and safely delivering AI solutions to that data, whether it be their own or from trusted partners, that will drive the productivity enhancing business insights that are the reasons for the hundreds of billions of dollars being invested in artificial intelligence.”
Overall, SNOW ranks 2nd on our list of stocks on Jim Cramer’s radar. While we acknowledge the potential of SNOW as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SNOW but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.