Snowflake Stock Surges Post-Earnings

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AI data cloud platform

The Motley Fool

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Technology

Prediction: This Top Artificial Intelligence (AI) Semiconductor Stock Will Soar Higher After May 21

Summary

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80% Informative

Snowflake stock rallied 29% in the past month , and its rally could speed up following a results release on May 21 .

The data cloud platform provider's AI offerings are gaining traction among customers.

Snowflake's revenue pipeline has improved at a steady pace thanks to the growing adoption of its AI solutions.

The company's massive customer base and huge addressable market suggest this cloud stock is set for healthy long-term gains.

Snowflake could clock stronger earnings growth as it has the potential to improve its margins by cross-selling its AI offerings to its existing customer base.

The large addressable market means that this AI stock is well placed to maintain healthy levels of growth for a long time to come.

All this makes Snowflake an attractive buy going into its upcoming earnings report.

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