SNOW - 1 Top Artificial Intelligence (AI) Stock Billionaires Love

2024-05-05 11:21:00 ET

Finding what stocks large and successful investors own can be a great place to find new investment ideas. After all, if this group of investors owns the stock, they're probably well informed, as their resources to research the stock are far greater than an individual investor's. After looking at what stocks the top hedge funds own, it's clear many firms are betting on Snowflake (NYSE: SNOW) to do well.

Out of 16 hedge funds that the Motley Fool analyzed, four own Snowflake. While that may not seem like a high percentage, the only stocks that were more common were some of the large tech companies like Apple , Meta Platforms , or Alphabet . So Snowflake's inclusion in this list is quite noteworthy.

But does that mean Snowflake is a buy now? Let's find out.

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