Prediction: This Top Artificial Intelligence (AI) Semiconductor Stock Will Soar Higher After May 21
The latest earnings season has shown so far that the demand for artificial intelligence (AI) applications remains robust despite the macroeconomic uncertainty posed by the tariff-fueled turmoil that has increased the risk of a global recession.Meta Platforms, for instance, raised its capital expenditure forecast for 2025 to shore up its AI infrastructure, while Microsoft pointed out that the demand for its AI solutions is exceeding supply. AI software specialist Palantir Technologies is the latest company to join this bandwagon as it recently raised its full-year revenue forecast.It won't be surprising to see Snowflake (NYSE: SNOW) join its AI peers and deliver a solid set of results on May 21, especially considering that the data cloud platform provider's AI offerings are gaining solid traction among customers. Snowflake stock rallied 29% in the past month, and there is a good chance that this rally will get a shot in the arm following its upcoming results.Continue reading
The latest earnings season has shown so far that the demand for artificial intelligence (AI) applications remains robust despite the macroeconomic uncertainty posed by the tariff-fueled turmoil that has increased the risk of a global recession.
Meta Platforms, for instance, raised its capital expenditure forecast for 2025 to shore up its AI infrastructure, while Microsoft pointed out that the demand for its AI solutions is exceeding supply. AI software specialist Palantir Technologies is the latest company to join this bandwagon as it recently raised its full-year revenue forecast.
It won't be surprising to see Snowflake (NYSE: SNOW) join its AI peers and deliver a solid set of results on May 21, especially considering that the data cloud platform provider's AI offerings are gaining solid traction among customers. Snowflake stock rallied 29% in the past month, and there is a good chance that this rally will get a shot in the arm following its upcoming results.
