Did Warren Buffett Dump This Artificial Intelligence (AI) Stock Too Soon? It's Up 26% Since Berkshire Hathaway Hit the Sell Button.

Billionaire investor Warren Buffett thinks he’s pretty lucky — and not just because of his whopping $150 billion net worth.

Warren Buffett donated over $1.1 billion in Berkshire Hathaway stock to family foundations on November 25. He also detailed plans for distribution of the $147.4 billion fortune after his death.

Shares of Snowflake ( SNOW) gained about 3% Monday afternoon as Wedbush upgraded the stock, saying the cloud software provider is in the "sweet spot" to benefit from the booming demand for artificial intelligence (AI) products. The bank raised its rating on the stock to "outperform" from "neutral." It has a new price target of $190.

Silicon Valley-based Snowflake is “in the sweet spot” to benefit from wider use of AI among businesses over the next 12 to 18 months, according to Wedbush analyst Dan Ives.

Wedbush Securities analyst Daniel Ives has significantly increased his optimism on the next phase of the AI revolution, focusing on its transformative impact on the software sector. The analyst projects a monumental shift driven by generative AI adoption,