Top 10 AI News Stories For The Weekend

3. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc. (NYSE:SNOW) is an enterprise software giant and an artificial intelligence-data cloud company. On December 6th, Barclays raised the firm’s price target on Snowflake Inc. (NYSE:SNOW) to $190 from $172 and kept an “Equal Weight” rating on the shares. According to the analyst, software is “back in favor” again, which is why the company’s valuation levels have now caught up to historical averages.

Salesforce, the world’s leading AI CRM, recently posted earnings for FQ3 2025 that demonstrate how demand for software has remained strong in the latest quarter, with enterprises spending big on artificial intelligence. Salesforce’s strong results highlight robust demand for software, offering a positive signal for companies like Snowflake, as reflected in the analyst’s insights. Moreover, the firm suggested there may be further upside considering estimates haven’t moved higher yet and as base valuations shift out another year to 2026.