Jim Cramer Notes “Snowflake Understands the Transition to AI”
Key takeaways
- Jim Cramer Notes “Snowflake Understands the Transition to AI” Syeda Seirut Javed Tue, June 2, 2026 at 12:33 AM GMT+7 2 min read SNOW AMZN ANTH.PVT Snowflake Inc.
- Let’s dive into how Snowflake dazzled so brightly just all session.
- It’s also partnered with OpenAI and then the web services of Amazon.
Jim Cramer Notes “Snowflake Understands the Transition to AI” Syeda Seirut Javed Tue, June 2, 2026 at 12:33 AM GMT+7 2 min read SNOW AMZN ANTH.PVT Snowflake Inc. (NYSE:SNOW) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might be missing out on the market’s biggest winners. Cramer noted the company’s AI journey, as he remarked:
Let’s dive into how Snowflake dazzled so brightly just all session. How did it do it? Okay, as CEO Sridhar Ramaswamy explained on our show last night, the company figured out how to pivot from plain old software to a terrific amalgam of software and artificial intelligence supported by partnerships with Anthropic, which, by the way, just announced today that it raised $65 billion at a post-money valuation of $965 billion.
How incredible is that? It’s also partnered with OpenAI and then the web services of Amazon. With its quarter last night, Snowflake gave the latter $6 billion to have Amazon’s homemade chips. That’s right, Amazon isn’t giving Snowflake $6 billion; Snowflake will be giving $6 billion to Amazon. And that was a huge part of the positive story. It showed you that Snowflake understands the transition to AI. They get it. I like that.