Jefferies analysts reaffirmed a 'Buy' rating and $300 price target on Snowflake after its investor day highlighted growing commercial success of its AI tools, especially CoCo, which enhances customer workflows and data management. The AI-driven improvements are speeding up customer adoption and migrations, improving productivity rather than creating new workloads. Financially, Jefferies raised earnings estimates slightly and sees Snowflake achieving GAAP profitability by late 2028, with valuation attractive compared to peers.
Goldman Sachs projects annual AI capital spending to reach $765 billion by 2026 and $1.6 trillion by 2031, driving growth in AI-focused investment funds. Three active or active-leaning ETFs—iShares A.I. Innovation and Tech Active ETF (BAI), iShares F...
Goldman Sachs Future Tech Leaders Equity ETF (GTEK) surged 52% year-to-date through June 1, 2026, compared to an 11% gain in the S&P 500. The fund's strategy avoids mega-cap tech giants, focusing instead on smaller innovative tech firms benefiting fr...
Cognizant and Snowflake have expanded their partnership to accelerate AI adoption in enterprises using the Snowflake CoCo platform. Cognizant deploys AI-powered intelligent agents that enhance data engineering, analytics, and decision workflows, help...
The Baron Global Opportunity Fund declined by 4.8% in the first quarter, underperforming the MSCI ACWI Index, which fell by 3.2%. Key positive contributors to the fund's performance included Space Exploration Technologies Corp., ASML Holding N.V., an...
Major tech firms are investing heavily in AI infrastructure, with hyperscalers like Microsoft and Amazon spending $725 billion this year, focusing on building their own supply chains. SoftBank and IBM are also vertically integrating by funding AI chi...
