Top 10 AI News Wall Street is Paying Attention To

3. Snowflake Inc (NYSE:SNOW)

Number of Hedge Fund Holders: 71

Snowflake Inc (NYSE:SNOW) is a technology company bringing generative artificial intelligence into analytics and empowering teams to maximize the value of underlying data. The company is increasingly investing in AI to strengthen its cloud offerings. Likewise, analysts at Truist Securities reiterated a Buy rating on the stock on February 18, with a $210 price target, impressed by the company’s new cloud offerings and AI integration.

The bullish stance stems from growing expectations that Snowflake will exceed expectations due to strong demand for AI-powered products. The analysts expect the company’s Snowpark, Dynamic Tables, and Cortex products to drive financial results significantly. The growing use of artificial intelligence (AI) and Snowflake Inc’s (NYSE:SNOW) success in closing big deals are expected to be key drivers of long-term revenue growth and margin enhancements.