Snowflake’s large customer base and the size of its addressable market suggest that this cloud stock is built for growth. Importantly, Snowflake’s recent rally is quite deserving since the company’s growth profile has been improving thanks to its artificial intelligence (AI)-focused data cloud tools. Customers have traditionally used Snowflake’s data cloud to securely store and consolidate data into a single platform, and then use that data for generating analytical insights or building applications.