From Nasdaq: 2024-04-16 04:45:00

Artificial intelligence (AI) is transforming technology, with JPMorgan Chase CEO Jamie Dimon stating its potential consequences could rival major inventions like electricity and the internet. Investors have been flocking to chipmaker Nvidia, but analysts see more upside in AI stocks like CrowdStrike and Snowflake. Here’s what you need to know.

First up, CrowdStrike, a cybersecurity leader with strong financials and market share growth. The company’s endpoint security platform has earned industry accolades for its effectiveness, operational efficiency, and AI protection capabilities. With sales growth estimates exceeding 30% and a promising valuation, CrowdStrike is a solid investment opportunity for growth-seeking investors.

Next is Snowflake, a data analytics specialist with a robust platform consolidating workloads across major cloud providers. Despite recent challenges like a CEO retirement and guidance miss, Snowflake’s innovative solutions, strong market presence, and AI development opportunities position it well for future growth. Snowflake presents an attractive value proposition with its current trading price.

CrowdStrike and Snowflake offer unique value propositions in the AI technology space, making them appealing investment opportunities. With strong financial performance, innovative solutions, and promising growth prospects, these companies are well-positioned to capitalize on the increasing demand for cybersecurity and data analytics services in the evolving tech landscape. Investors should consider these AI stocks for their growth potential and market leadership in their respective sectors.



Read more at Nasdaq: Forget Nvidia: 2 Artificial Intelligence (AI) Stocks With More Upside to Buy Now, According to Wall Street