Snowflake Inc. (SNOW) Has A "Terrific AI Story," Says Jim Cramer

Snowflake Inc. (NYSE:SNOW) is one of the Jim Cramer Says Oil Can Get Cheaper & Discusses These 12 Stocks .

Snowflake Inc. (NYSE:SNOW) is another frequently discussed Jim Cramer stock. The firm’s shares have 40.6% year-to-date on the back of several catalysts such as strong quarterly and full-year revenue guidance along with significant exposure to the AI industry. Cramer’s previous comments about the firm have praised the firm’s CEO and speculated that perhaps Snowflake Inc. (NYSE:SNOW) was on the cusp of a breakout. Cramer believes CEO Ramaswamy has momentum and is an expert at closing deals. Given his positive views about the executive, it’s unsurprising that Cramer’s recent remarks about Snowflake Inc. (NYSE:SNOW) also revolved around its CEO:

“Ramaswamy came on and raised numbers on the show, Mad Money, stock was at 140, it’s going to 240. And I don’t know where it goes after that. But that has a terrific AI story. Really great.”

Here’s what he said earlier about the firm:

“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, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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