SNOW - Better AI Stock: Snowflake vs. Alphabet
2024-03-04 05:35:00 ET
Snowflake (NYSE: SNOW) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) represent two different ways to invest in the growing artificial intelligence (AI) market. Snowflake's cloud-based data warehouse helps companies gather their data from a wide range of computing platforms so it can be easily processed by third-party apps. Its new Cortex service adds additional generative AI capabilities to that ecosystem.
Alphabet's Google owns the world's largest search engine, streaming video platform (YouTube), mobile operating system (Android), web browser (Chrome), and webmail service (Gmail). It also owns the world's third-largest cloud infrastructure platform. That sprawling ecosystem gives Google access to a lot of data -- and it's organizing all of that information with its AI-powered Gemini chatbot.
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Better AI Stock: Snowflake vs. Alphabet