Jim Cramer Believes Snowflake "Could Be a Great Long-Term Position"

Snowflake Inc. (NYSE:SNOW) is one of the stocks Jim Cramer shed light on. A caller asked if they should trim or sell their position in the stock, and Cramer commented:

“Okay, Snowflake. Well, Sridhar Ramaswamy came on our show and broke the story of that much better than expected quarter, and I say you just hold onto this. There’s going to be ups and downs. Maybe it takes a little fluff out of it, but Sridhar is good for it, and I think that could be a great long-term position. I like the stock of Snowflake.”

Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations bring all their data together, analyze it, build applications, and share insights easily. The company uses AI to help solve real business problems. In a June episode, when a caller inquired about the stock, Cramer responded:

“Oh, Snowflake…. I mean, it is just, you know, I was thinking about this, but Ramaswamy first comes in, not sure, then he takes off, and why? Because the guy is cerebral, and he’s got a real good closing sense. And man, does he ever have momentum? He is project momentum.”

While we acknowledge the potential of SNOW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.