Jim Cramer Shed Light on These 9 Stocks

5. Snowflake Inc. (NYSE:SNOW)

Number of Hedge Fund Holders: 102

Snowflake Inc. (NYSE:SNOW) is one of the stocks Jim Cramer shed light on. Cramer highlighted the stock’s price action after its earnings, as he commented:

“What the heck just happened to the stock of Snowflake? The company reported a seemingly robust quarter after the close, and the stock breaking down in after-hours trading. [Does] that make sense? I don’t know. Some of that’s because Snowflake was up more than 70% for the year going into today’s close. This is one of the rare software companies that’s convinced Wall Street it can make a killing from AI rather than just be killed by AI. And the numbers have mostly backed them up. Today, there was a fly in the ointment. Snowflake’s operating margin guidance for the current quarter came in about 7%, analysts were… looking for 8.5%… It was lower than people expected.”

Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges.