10 AI Stocks in Focus Amid U.S. – China Tariff Pause

7. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 85

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform. On May 12, Monness analyst Brian White maintained a “Buy” rating on the stock and set a price target of $230.00. White emphasized Snowflake’s strong execution, improved efficiency, and innovation behind his optimism. Even though there is slow growth ahead, the company is expected to meet its earnings targets. Moreover, upcoming events such as the Snowflake Summit focusing on AI offer optimism for future performance.