Investors have become accustomed to hearing about Palantir Technologies Inc. NASDAQ: PLTR striking new deals. However, its new partnership with Snowflake Inc. NYSE: SNOW is not ordinary.
Wedbush analysts on Monday raised their target price on Snowflake Inc (NYSE:SNOW) to $270 per share from $250, while expressing their “incremental confidence” on the company's AI growth story. “Snowflake remains at the forefront of innovation with its cloud-based data platform providing advanced capabilities for data processing and warehousing while looking to simplify platform architectures a...
Snowflake (NYSE:SNOW) and Palantir (NASDAQ:PLTR) are well-positioned to make the most of the AI boom as they help enable other firms to harness the full power of the revolutionary technology.
Artificial intelligence (AI) has become the megatrend of this decade and is fast transforming the enterprise landscape. According to Gartner, global AI spending will be nearly $1.5 trillion in calendar year 2025.
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