BlackRock’s 30 Most Important AI Stocks Right Now

17. Snowflake Inc. (NYSE:SNOW)

Weight in ARTY ETF: 1.63%

Number of Hedge Fund Holders: 80

Snowflake Inc. (NYSE:SNOW) is one of BlackRock’s 30 most important AI stocks right now. BlackRock is the largest institutional investor with an 8.07% stake in the company, equivalent to 27.96 million shares as of March 31, 2026.

On June 18, Snowflake Inc. (NYSE:SNOW) revealed the launch of its business operations in Chile to support the initiative of expanding the company’s operations across the Latin America region. With this launch, the company is bringing core capabilities that are specifically developed to assist Chilean corporate entities.

The company highlighted that such capabilities will help the organizations to build, govern, and integrate AI into their operations through a well-trusted and integrated technology platform.

The company’s VP of Latin America, Bruno Barreto, noted that the offerings will enable organizations to evolve innovatively and expedite their AI adoption efforts while establishing the security and governance frameworks that enterprises demand.

Building on an established customer base in Chile, including Transbank, this achievement further strengthens the company’s commitment. The official launch of business operations in Chile follows recent worldwide announcements made by the company at Summit 2026.

This announcement highlighted key innovations across the company’s interoperable data platform, as well as Snowflake CoWork, Snowflake CoCo, and Snowflake Horizon Catalog solutions. Those solutions are designed to broaden AI accessibility and support secure AI adoption in the corporate environment.

Snowflake Inc. (NYSE:SNOW) offers cloud-based services to organizations through a Data Platform. The company provides AI Data Cloud solutions that allow for the consolidation of data. It facilitates business insights and allows for the creation of data applications and the sharing of data products.