Jim Cramer Discusses Melting Trade Tensions & These 12 Stocks

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9. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders In Q4 2024:

Snowflake Inc. (NYSE:SNOW) is a software company that provides a cloud-based platform for data storage and analysis. In today’s age of AI, the firm’s shares have gained 31% year-to-date. The stock is up by 16% since late May as the firm’s first-quarter earnings smashed estimates out of the park. During the quarter, Snowflake Inc. (NYSE:SNOW) reported $996.8 million in revenue which surpassed analyst estimates of $959 million. The firm’s second-quarter revenue guidance of $1.035 billion to $1.040 billion also significantly surpassed analyst estimates of $1.021 billion. To fully round its stellar performance, the firm’s 2026 revenue guidance of $4.33 billion also beat $4.28 billion in estimates. Cramer’s comments about Snowflake Inc. (NYSE:SNOW) revolved around truly autonomous trustworthy AI agents with a comprehensive understanding of data that they are using during their work. He agreed about the firm’s agents’ ability to do so:

“Yeah I mean I had Snowflake on, I could say Snowflake’s doing that.”

In a previous appearance, he praised Snowflake Inc. (NYSE:SNOW)’s management:

“Tonight, I’ve got Snowflake, which is right now at the cusp of a breakout. That’s Ramaswamy, he’s done a really terrific job.”

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