The Oracle of Omaha doesn’t like tech but owns shares in a company that hasn’t gained much traction yet
“But it does reflect Buffett’s evolving opinion of the types of stocks he should own, even though it’s likely one of his portfolio managers did the actual buying,” Mr. Csiszar writes.The company, which is based in Montana, was founded in 2012 by Benoit Dageville and Thierry Cruanes, both of whom remain with the firm as President of Product and Chief Technical Officer, respectively. It went public in 2020, which is when Berkshire Hathaway took a position.
“Snowflake’s platform is the engine that powers and provides access to the data cloud, creating a solution for applications, collaboration, cybersecurity, data engineering, data lake, data science, data warehousing, and unistore,” the company says on its website. The question investors are asking is whether the new surge of interest in AI will drive those revenues higher, especially in the face of an economic slowdown. Right now, there’s no indication of it. That said, the AI feeding frenzy is just starting.
Contrast that with AI superstock Nvidia Corp. , which last week briefly passed the US$1-trillion level in market capitalization, joining Apple, Amazon, Microsoft, and Alphabet. Nvidia is the leading manufacturer of GPU chips, which are used by cloud companies and AI developers.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Firefighters rescue man stuck on a rock in fast-moving waterFirefighters rescue nab stock on rock in fast\u002Dmoving water
Read more »
Golden Knights know from experience Game 1 victory doesn’t ensure win over PanthersVegas also won first game of 2018 Stanley Cup Final before losing next four
Read more »
I Was Just Wondering: Fruits or vegetables?Finn the Griffon doesn’t get much in the way of fruits or veggies, but he does have a few favourites
Read more »
Scott Stinson: As the CFL kicks off with big plans, the storied league struggles for relevanceRandy Ambrosie sees the storied league\u0027s growth coming from expansion, and he doesn\u0027t want to stop at a 10th team
Read more »
Scott Stinson: As the CFL kicks off with big plans, the storied league struggles for relevanceRandy Ambrosie sees the storied league\u0027s growth coming from expansion, and he doesn\u0027t want to stop at a 10th team
Read more »
Scott Stinson: As the CFL kicks off with big plans, the storied league struggles for relevanceRandy Ambrosie sees the storied league\u0027s growth coming from expansion, and he doesn\u0027t want to stop at a 10th team
Read more »