Snowflake Leads AI Growth Amid Market Optimism

BARCELONA, Spain — At the Mobile World Congress 2025 on March 5, Snowflake Inc spotlighted its role in the evolving landscape of cloud computing and artificial intelligence amid a prolonged U.S. government shutdown.

Investors are focusing on new growth opportunities, particularly in AI, as they navigate the current market. Analysts recommend monitoring stocks endorsed by top Wall Street professionals. Snowflake, which offers cloud-based storage and analytics, is a preferred pick for many.

During the recent Snowflake World Tour event in New York City, Jefferies analyst Brent Thill reaffirmed his buy rating for Snowflake (SNOW). He highlighted the company’s innovative products and momentum in integrating AI into business processes. While early traction is notable, Thill suggested that the true impact of these innovations is still developing.

Thill noted that retailers and travel companies using Snowflake’s AI solutions are optimistic about long-term benefits but anticipate a gradual increase in adoption across their businesses over the next few quarters.

Meanwhile, another semiconductor giant, Advanced Micro Devices (AMD), gained attention after announcing a significant partnership with OpenAI. Under this agreement, OpenAI plans to deploy 6 gigawatts of AMD Instinct GPUs over the next few years, starting with 1 gigawatt in late 2026.

Following this development, analyst Blayne Curtis from Jefferies raised his rating on AMD, changing it from hold to buy due to the expected robust demand for AI technology. Curtis stated that this collaboration marks a pivotal shift in AMD’s AI narrative.

IT infrastructure company Dell also provided an optimistic outlook for its future, anticipating strong demand for AI technologies. Analysts are now seeing a revenue growth target of 7% to 9% from fiscal 2026 to 2030.

Despite certain concerns over valuations among analysts for companies like Snowflake and Palantir Technologies, Snowflake’s stock recently hit a 52-week high, reflecting investor confidence in its growth trajectory and AI-driven initiatives.

As competition increases, market watchers remain vigilant about the sustainability of these companies’ growth narratives and how they will navigate the intricacies of the evolving landscape.