Modern companies often use multiple providers of cloud services (like Microsoft Azure and Amazon Web Services) in their daily operations. But this means valuable data is stored in several different places, so it becomes difficult to analyze.

Snowflake ( SNOW 2.72% ) developed the Data Cloud, which helps businesses aggregate this disparate data in one place, where it can be utilized more effectively. This is especially useful when developing artificial intelligence (AI) models, because they need uninterrupted access to all of a company's internal data to produce the best results.

Snowflake stock has soared by 43.7% this year thanks to the company's incredibly strong operating results. It's crushing the S&P 500 (16.5%), the Nasdaq-100 (22.3%), and even Nvidia (37.5%). Can

See Full Page