Snowflake Inc. (NYSE:SNOW) Enhances Platform with AI Tools and New Features, Unveiled at BUILD 2024

Insider Monkey05:48

We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that are making ...

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(NYSE:SNOW) Enhances Platform with AI Tools and New Features, Unveiled at BUILD 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-15 05:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/snowflake-inc-nyse-snow-enhances-214857520.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that are making ...</p>\n\n<a href=\"https://finance.yahoo.com/news/snowflake-inc-nyse-snow-enhances-214857520.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/snowflake-inc-nyse-snow-enhances-214857520.html","article_id":"2483356898","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ogySEpQ84W7J8iaB6oP0tQ--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/1881ecb550192dcd6f854a6a3b1e40f8"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483356898","pubTimestamp":1731620937,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 15 AI News You Must Read Today.In this article, we are going to take a look at where Snowflake Inc.  stands against the other AI stocks that are making waves.READ ALSO:10 AI Headlines Making Waves Today and15 AI News That Broke The Internet. As per OpenAI, investment in the US AI is going to result in tens of thousands of jobs, GDP growth, a modernized grid that includes nuclear power, a new group of chip manufacturing facilities, and billions of dollars in investment from global funds. While Trump plans on repealing Biden’s executive order on AI, OpenAI has, in turn, highlig","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4551":"寇图资本持仓","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4503":"景林资产持仓","BK4581":"高盛持仓","LU0109392836.USD":"富兰克林科技股A","BK4559":"巴菲特持仓","BK4535":"淡马锡持仓","BK4505":"高瓴资本持仓","BGSX":"Build Acquisition Corp","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4585":"ETF&股票定投概念","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","SNOW":"Snowflake","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","NYSE":"纽交所","BK4548":"巴美列捷福持仓","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4116":"互联网服务与基础架构","BK4588":"碎股","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC"},"translate_title":"Snowflake Inc.（纽约证券交易所股票代码：SNOW）通过人工智能工具和新功能增强平台，在BUILD 2024上亮相","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SNOW":1,"NYSE":1,"BGSX":1},"content_text":"We recently compiled a list of the 15 AI News You Must Read Today. In this article, we are going to take a look at where Snowflake Inc. (NYSE:SNOW) stands against the other AI stocks that are making waves.\nPaul Hickey, Bespoke co-founder, joined CNBC’s ‘Closing Bell: Overtime’ to discuss the market’s reaction to the election results and earnings. According to Hickey, as the President-elect's cabinet takes shape, it will provide insight into what to expect moving forward. However, he notes that election results can be overstated. Over the past 16 years, we’ve had some \"very good\" market returns for Obama, Trump, and Biden, he notes. Looking ahead, Hickey suggests that the AI bull market is likely to persist, driven by momentum, and will likely only change course if influenced by a significant external force.\nREAD ALSO: 10 AI Headlines Making Waves Today and 15 AI News That Broke The Internet\nHickey’s remarks demonstrate how the market is resilient in adapting to different administrations. The current AI boom stands to be a case in point, where innovations in artificial intelligence and machine learning have been attracting investors and consequently driven substantial capital inflows. Therefore, it is safe to say that companies harnessing AI for productivity gains, efficiency improvements, and new revenue streams have become the focal point of market optimism. As more industries integrate AI technology into their operations, the resulting growth potential could sustain the bull market for an extended period.\nDevelopments in the AI Landscape \nWith AI momentum showing no signs of slowing down, there seemingly isn’t anyone who doesn’t want to reap all the benefits that AI delivers. Every year, more than a thousand startups join Station F, an iconic startup in Paris. Station F selects the top 40 most promising startups from the pool of 1000, sharing a list of what it calls the “Future 40”. 34 of the 40 startups this year have been using artificial intelligence, implying the significance of the technology.\nArtificial intelligence is just as much a focal point nationally as it is at the local level. That said, OpenAI recently revealed its plans to work with the new administration on AI policy. Known as the official “blueprint for U.S. AI infrastructure”, it involves artificial intelligence economic zones, tapping the U.S. Navy’s nuclear power experience and government projects funded by private investors, notes CNBC. The blueprint also includes a North American AI alliance to compete with China’s initiatives and a National Transmission Highway Act “as ambitious as the 1956 National Interstate and Defense Highways Act.”\nAs per OpenAI, investment in the US AI is going to result in tens of thousands of jobs, GDP growth, a modernized grid that includes nuclear power, a new group of chip manufacturing facilities, and billions of dollars in investment from global funds. While Trump plans on repealing Biden’s executive order on AI, OpenAI has, in turn, highlighted a plan of AI economic zones co-created by state and federal governments “to give states incentives to speed up permitting and approvals for AI infrastructure”, amongst other things.\nFor this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A close-up view of an AI-platform software code running on a monitor. \nSnowflake Inc. (NYSE:SNOW)\nMarket Capitalization: $41.40 billion\nSnowflake Inc. (NYSE:SNOW) is a cloud-native platform that develops database architecture, data warehouses, query optimization, and parallelization solutions. It enables businesses to build, manage, and scale AI and machine learning applications.\nOn November 12, Snowflake Inc. (NYSE:SNOW) announced new developments to the Snowflake Platform, the company’s market-leading platform that allows users to store, analyze, and manage large volumes of data. Announced at the annual developer conference, BUILD 2024, the advancements will help enterprises simplify data management and enhance artificial intelligence capabilities. Some of its latest offerings include the Snowflake Open Catalog, which allows users to adapt to organizational needs by integrating new engines, the general availability of Document AI to help businesses extract insights from documents using natural language processing, and new security features in the Snowflake Horizon Catalog.\nOverall SNOW ranks 10th on our list of AI stocks that are making waves today. 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 doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than SNOW but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Product Release","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483356898"}