10 Must-Watch AI Stocks on Wall Street

6. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 100

Snowflake Inc. (NYSE:SNOW) is one of the 10 Must-Watch AI Stocks on Wall Street. On September 1, the company announced the general availability of Snowflake’s AI Data Cloud on Amazon Web Services (AWS) Africa (Cape Town) Region. The deployment of its AI Data Cloud will allow customers to leverage deeper data insights powered by AI to accelerate business innovation.

The deployment will also organizations to meet local data residency regulations such as POPIA which require sensitive data to remain in the country. Some customers in South Africa that have already begun using the AI Data Cloud include Carry1st, BluNova, and Mukuru.

Snowflake plans to host a launch event on September 3 at the The Old Biscuit Mill, Cape Town to celebrate its AI Data Cloud launch to the region.

“As we scale our operations at Carry1st, and work with our team across 20 different countries, it’s critical that we have the right technology to make data-driven decisions about the business and our customers. Through Snowflake’s easy, connected, and trusted platform we have been able to reduce infrastructure costs by up to 45%, improve data refresh rates by over 300%, and enable faster insights and enhanced customer interactions.”

– Ziyaad Kumandan, Lead Data Engineer at Carry1st.

Snowflake Inc. (NYSE:SNOW) is a cloud-based data storage company providing a data analysis, storage, and sharing platform.