Jim Cramer Says Companies Like Snowflake "Become Too Cheap to Ignore" At Some Point

Snowflake Inc. (NYSE:SNOW) is one of the stocks that was on Jim Cramer’s radar recently. Cramer mentioned the stock during the episode and remarked:

Now, we’ll get earnings from some of the largest corporate enterprise software companies this week, Snowflake, Salesforce, and I’m going to be watching like a hawk to see how they react. At some point, I think they become too cheap to ignore. I don’t know if we’re there, but mainly, I feel like we need to start exercising some critical thinking here.

Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges. A caller inquired about the stock during the January 5 episode, and Cramer replied:

I have to tell you, I thought the quarter wasn’t that bad… I was quite surprised about the negative reaction. You know it is a highly valued company, but I think Sridhar Ramaswamy is a terrific CEO, and I think the stock is, quite frankly, a buy.

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