SNOW - 3 Top Growth Stocks to Buy Right Now
2023-06-15 08:00:00 ET
After a less-than-stellar 2022, growth stocks have had an impressive 2023 so far. With inflation cooling, interest rate hikes potentially pausing, and artificial intelligence (AI) booming, investor sentiment toward growth stocks has seemingly shifted. If you're interested in growth stocks, here are three options to consider now.
Snowflake (NYSE: SNOW) is a data warehousing platform that allows users to combine and analyze cloud data from most major cloud platforms . Snowflake went public in September 2020, and since then its investors have experienced the roller-coaster ride that often defines growth stocks.
Unsurprisingly, the company has been expanding its AI footprint recently, mainly via acquisitions. Snowflake has acquired four companies since 2023 started: Myst AI, SnowConvert, LeapYear Technologies, and Neeva. More AI and machine learning capabilities should help expand Snowflake's ecosystem and make it a more complete platform.
For further details see:
3 Top Growth Stocks to Buy Right Now