SNOW - 1 Warren Buffett Artificial Intelligence (AI) Stock to Buy Before It's Too Late
2023-10-11 07:04:00 ET
Artificial intelligence (AI) is taking the world by storm, and investors are looking for the next underappreciated company that could benefit from this trend. One company that I cover frequently is Snowflake (NYSE: SNOW) . Similar to its data analytics cohort Palantir , Snowflake seems to be largely misunderstood by the investment community.
Snowflake specializes in data-as-a-service. But what does that mean? Essentially, the company offers cloud-based infrastructure that can support areas such as data warehouses, data lakes, and machine learning . This is important because businesses of all sizes are investing heavily in digital transformation. And having the ability to share data across an organization and run complex data queries in an efficient fashion is becoming increasingly mission critical.
Snowflake sits in a really unique position, and I view the company as an important pillar holding up the broader AI movement. With these tailwinds, is it too late to buy the stock? Let's find out.
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1 Warren Buffett Artificial Intelligence (AI) Stock to Buy Before It's Too Late