Snowflake Inc. (NYSE:SNOW) was among the stocks Jim Cramer was focused on, as he discussed Mad Money’s latest game plan for the week.
Cramer discussed the company’s upcoming analyst day, as he commented: The next day, we’ve got some market-moving tech news
We know after speaking to Sridhar Ramaswamy, the CEO of Snowflake, earlier this week that he’ll be hosting an analyst day on Tuesday, and I expect the stock’s phenomenal post-quarter rally, which continued by the way with today’s 7% gain, will roll on. Yes, it was that good a quarter, a real conversion from an enterprise software company with some artificial intelligence to a genuine AI company that stores data. The latter’s worth a lot more in this market than the former, as shareholders blessedly found out this week.
Stock market data. Photo by Burak The Weekender on Pexels Snowflake Inc. (NYSE:SNOW) provides a cloud platform that helps organizations pull their data into one place so they can analyze it, build data apps, share information, and use AI to solve business challenges. Cramer made positive comments about the company’s earnings during the May 27 episode, as he stated: We finally got some ironclad proof that AI displacement worries simply don’t apply to some software companies.