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Is Snowflake a good AI stock?

Snowflake is a key partner for many companies in the AI realm. Snowflake ( SNOW 3.49%) has become a popular artificial intelligence (AI) stock for a good reason: It fuels AI innovation. AI is built on the back of data, and Snowflake's business of data collection, storage, and processing makes it a perfect AI-accompanying investment.

Is Snowflake a good stock to buy in 2024?

Snowflake ( SNOW 3.49%) has become a popular artificial intelligence (AI) stock for a good reason: It fuels AI innovation. AI is built on the back of data, and Snowflake's business of data collection, storage, and processing makes it a perfect AI-accompanying investment. But is the stock a top option to own in 2024? Let's find out.

Can Snowflake be a beneficiary of AI?

Lots of new product announcements have bolstered the belief Snowflake can be a big beneficiary from AI. The stock is still "expensive" though, so investors should be prudent. You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services.

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