Snowflake Inc. (SNOW) Is "At The Cusp Of A Breakout," Says Jim Cramer

We recently published a list of Jim Cramer Says Trump’s One Big, Beautiful Bill Is Pro Growth & Discusses These 12 Stocks. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against other stocks that Jim Cramer discusses.

Snowflake Inc. (NYSE:SNOW) is a software-as-a-service (SaaS) company. Cramer frequently discusses the stock on his morning show, and he praised its industry as stocks sold off after President Trump’s tariff announcements in April. The CNBC host believes Snowflake Inc. (NYSE:SNOW)’s presence in the SaaS industry protects it from inflationary pressures and business disruptions due to the tariffs. Ahead of the firm’s fiscal first-quarter earnings report earlier this month, Cramer had been optimistic about its ability to deliver strong results. The optimism was warranted as Snowflake Inc. (NYSE:SNOW)’s $1.4 billion in revenue and 24 cents in adjusted earnings beat analyst estimates. Cramer praised the firm’s management:

“Tonight, I’ve got Snowflake, which is right now at the cusp of a breakout. That’s Ramaswamy, he’s done a really terrific job.”

Artisan Partners mentioned Snowflake Inc. (NYSE:SNOW) in its Q1 2025 investor letter. Here is what the firm said:

“During the quarter, we initiated new GardenSM positions in Baker Hughes, Snowflake Inc. (NYSE:SNOW) and Viking. Snowflake is a leading cloud data warehouse and analytics platform, benefiting from the ongoing shift away from on-premise infrastructure. Its cloud-native architecture enables greater scalability, faster performance and improved efficiency for businesses managing large data sets. We see upside as a new management team refines the company’s sales and marketing strategy, aligning it with the growing demand for tools that help organizations organize and analyze data. While competition bears watching, we believe Snowflake is well positioned to help its customers structure data to take advantage of increasingly powerful AI models.”

Overall, SNOW ranks 11th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of SNOW, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNOW and that has 100x upside potential, check out our report about this cheapest AI stock.

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