5 Tech Stocks to Buy According Billionaire Chase Coleman

4. Snowflake Inc. (NYSE:SNOW)

Tiger Global Management’s Stake Value: $2 billion

Percentage of Tiger Global Management’s Portfolio: 4.43% 

Number of Hedge Fund Holders: 87

Chase Coleman of Tiger Global Management is significantly bullish over the long-term fundamentals of Snowflake Inc. (NYSE:SNOW), a high-growth cloud-based data management company whose stock has stumbled as rising inflation and higher interest rates drove investors toward more conservative investments.

Snowflake helps organizations simplify tasks with their cloud-based subscription services. The company’s stock price is down around 32% year to date. Of the 924 hedge funds tracked by Insider Monkey, Snowflake was in 87 portfolios as of December.