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home / news releases / SNOW - 2 Cloud Stocks to Ride the AI Opportunity

SNOW - 2 Cloud Stocks to Ride the AI Opportunity

Intrawest Resorts Holdings Inc.

2023-06-23 06:40:00 ET

Growth in cloud computing was a boon for cloud stocks in recent years, but another wave of growth is coming as more companies ramp up their investments in artificial intelligence (AI) .

Market intelligence firm IDC expects AI to drive one-third of the total growth in public cloud services through 2025. AI could accelerate the data migration from on-premises servers to the cloud, which makes now an ideal time to buy top cloud stocks that are trading at discounts to their previous valuations.

Here's why Amazon (NASDAQ: AMZN) and Snowflake (NYSE: SNOW) are well-positioned to benefit from these trends.

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2 Cloud Stocks to Ride the AI Opportunity
Stock Information
Company Name: Intrawest Resorts Holdings Inc.
Stock Symbol: SNOW
Market: NYSE
Website: snowflake.com
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