Snowflake (SNOW) rose more than 3% Friday after DA Davidson initiated research coverage of the stock with a buy rating. Analysts from the firm contend that the cloud data provider is in an advantageous position due to its “best-in-class growth rates,” along with a boost from the increased demand for artificial intelligence. If you like this story, sign up for…
rose more than 3% Friday after DA Davidson initiated research coverage of the stock with a buy rating. Analysts from the firm contend that the cloud data provider is in an advantageous position due to its"best-in-class growth rates," along with a boost from the increased demand for artificial intelligence.
"Enterprise software is where it's at. People don't realize it. They're really making a comeback," Jim said, citing upbeat earnings from the sector, including a strong quarter and rosy guidance from, the portfolio used by the CNBC Investing Club.
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