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AI Bull Brad Gerstner Likes Snowflake (SNOW) Despite ‘SaaSpocalypse’ Fears

We just covered the 10 Best Stocks to Buy According to AI Bull Brad Gerstner. Snowflake (NYSE:SNOW) ranks #6 (see the 5 Best Stocks to Buy According to AI Bull Brad Gerstner).

Altimeter Capital’s Stake: $444,775,213

Snowflake (NYSE:SNOW) sells a cloud-based data platform that lets companies store, process, and analyze massive amounts of data. Unlike other SaaS companies, Snowflake uses a consumption-based model, which means meaning customers pay based on how much data they use, query, and compute.

The stock is down roughly 44% this year, as investors worry that AI could disrupt traditional SaaS models and reduce software spending. But Snowflake (NYSE:SNOW) bulls believe these fears are overblown.

Their case is simple: Snowflake (NYSE:SNOW) isn’t really a SaaS company in the traditional sense. Its usage-based model actually benefits from AI, not suffers from it. As companies adopt AI, they generate more data, run more queries, and require more computing power. All of this directly increases Snowflake’s revenue. The company’s backlog (remaining performance obligations) rose 40% year over year in Q4.

BofA recently highlighted Snowflake’s (NYSE:SNOW) accelerating growth and said the company is benefiting from both its core data business and early traction in AI tools. The bank noted Snowflake’s product revenue growth driven by stronger core demand and AI products like Intelligence and Cortex AI. It also pointed out that Snowflake (NYSE:SNOW)’s Intelligence tool is now used in 2,500 accounts, doubling quarter-over-quarter, signaling rising adoption.

Aristotle Growth Equity Fund stated the following regarding Snowflake Inc. (NYSE:SNOW) in its fourth quarter 2025 investor letter:

“Snowflake Inc. (NYSE:SNOW) is a leading cloud-based data platform that empowers organizations to consolidate, manage, and analyze their data securely and efficiently. We believe its robust financial profile, featuring strong margins and a clear path to profitable growth at scale, positions Snowflake as a….” (Click Here To Read The Letter in Detail)

While we acknowledge the risk and potential of SNOW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNOW and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

Disclosure: None. Follow Insider Monkey on Google News.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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