5 Stocks Warren Buffett and Insiders Are Crazy About

This article presents an overview of the 5 Stocks Warren Buffett and Insiders Are Crazy About. For a detailed overview of such stocks, read our article, 10 Stocks Warren Buffett and Insiders Are Crazy About.

5. Snowflake Inc (NYSE:SNOW)

Warren Buffett’s Stake: $1,218,949,824

Mark D. McLaughlin on May 31, 2023, bought 1,831 shares of Snowflake Inc (NYSE:SNOW) at $163.80 per share. At the time the stock was trading at around $165.36, while as of March 6 the stock price was $167.75, showing a 1.44% increase in share price.

Warren Buffett’s Berkshire Hathaway owns a $1.3 billion stake in Snowflake Inc (NYSE:SNOW) as of the end of 2023. The Oracle of Omaha first bought a stake in Snowflake Inc (NYSE:SNOW) back in the third quarter of 2020 and since then he has left the stake almost untouched.

ClearBridge Multi Cap Growth Strategy made the following comment about Snowflake Inc. (NYSE:SNOW) in its Q2 2023 investor letter:

“While the ClearBridge Multi Cap Growth Strategy has limited mega cap exposure, which has been a recent headwind to relative performance, we own several companies that stand to benefit from the explosive growth in generative AI. These holdings play key roles in building out the necessary infrastructure and helping customers leverage capabilities enabled by this emerging technology.

Snowflake Inc. (NYSE:SNOW), a cloud-based data platform company, is positioned well to help enterprises better leverage their own data to get the most out of AI models. Though it is still early days in terms of adoption, Snowflake saw workloads for data science, machine learning, and AI use cases grow more than 90% year-over-year in its most recent quarter.”