From Yahoo Finance: 2025-05-05 11:49:00

In our recent list of high-growth companies hedge funds are buying, Snowflake Inc. (NYSE:SNOW) is highlighted for its standing among other high-growth stocks. The global economy in 2025 is projected to see modest growth with US GDP at 2%, Eurozone at 0.9%, and China at 4.2%. Inflation is expected to remain high due to fiscal spending and tariffs, leading to uncertain markets. Policy is shifting from monetary to fiscal, favoring equities, bonds, and commodities, with rising productivity from AI offering long-term promise. Hedge funds saw remarkable performance in 2024, with an average return of 10.7% supported by market turbulence and policy shifts. Snowflake Inc. (NYSE:SNOW) ranks 13th among high-growth companies hedge funds are buying, with 85 hedge fund holders and an average 5-year revenue growth of 89.48%. Snowflake offers a cloud-based data platform leveraging AI for data management, analysis, and insights. Analysts predict a 23% product revenue increase in FY 2026 for Snowflake, backed by upcoming products like Snowpark and Iceberg Tables. Snowflake recently secured IL5 Provisional Authorization from the Department of Defense, allowing it to handle sensitive unclassified data. Altimeter Capital Management is the leading stakeholder in Snowflake with nearly 5 million shares worth $768.7 million. While SNOW shows promise as an investment, AI stocks may offer higher returns in a shorter time frame. An AI stock has shown growth in 2025, outperforming popular AI stocks. For more on AI stock picks, read our report on the cheapest AI stock.



Read more at Yahoo Finance: Is Snowflake Inc. (SNOW) Among The High Growth Companies Hedge Funds Are Buying?