15 Hot AI Stocks to Keep on Your Radar

10. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 100

Snowflake Inc. (NYSE:SNOW) is one of the 15 Hot AI Stocks to Keep on Your Radar. On August 21, Guggenheim analyst John DiFucci reiterated a Neutral rating on the stock. The company is set to report its second-quarter fiscal 2026 earnings for August 27.

The firm reported that field checks for the quarter have been “solid,” demonstrating good progress. It believes that Q2 looks possible, even if it means a 29.5% decline in New ARR.

In the firm’s view, consensus outperformance compared to historical norms looks more challenging, while the second half of the year appears even more difficult. Partner conversations have also been positive, even though AI conversations remain “muted.”

“AI conversations remain more muted, though new product announcements are helping drive increased customer interest in capabilities. Most notably, CRO Mike Gannon has made an impact, creating an increasingly friendly business environment for partners, and showing early signs of enterprise sales skills. Overall, in our view it appears SNOW is making the right decisions to continue capturing their core cloud data warehouse opportunity, and continued product innovations set the stage to potentially draw more spend and mind share for the platform. Shares are currently trading at 13.8x EV/NTM Product revenue and 55.5x NTM FCF. SNOW is scheduled to report earnings 8/27 after the close.”