Investing in mega traits corresponding to synthetic intelligence (AI) allows you to achieve publicity to corporations which might be a part of quickly increasing addressable markets. On this article, I’ve recognized two high AI shares that Canadian buyers ought to contemplate proudly owning in July 2025.
Is that this AI inventory purchase?
Valued at a market capitalization of US$74 billion, Snowflake (NYSE:SNOW) operates a cloud-agnostic knowledge platform that permits organizations to consolidate, analyze, and share knowledge throughout a number of cloud environments, whereas supporting AI and analytics workloads.
Snowflake has demonstrated robust momentum, showcasing transformative product velocity and deepening AI integration throughout its platform. Snowflake delivered over 125 new product capabilities within the first quarter (Q1) of fiscal 2026, doubling the tempo of innovation from the earlier yr whereas attaining 26% year-over-year development in product income, which reached US$997 million.
CEO Sridhar Ramaswamy emphasised Snowflake’s evolution from an information warehouse supplier to an AI-first enterprise platform. Over 5,200 accounts now make the most of Cortex AI capabilities each week, with purposes spanning scientific analysis, buyer insights, and enterprise automation. The platform’s AI-ready knowledge method positions structured and unstructured knowledge for quick AI consumption, addressing a crucial enterprise want.
The corporate’s cloud-agnostic positioning distinguishes it from hyperscaler rivals, who typically promote proprietary options. New choices, corresponding to Snowflake Intelligence and enhanced Apache Iceberg integration, present clients with flexibility whereas decreasing issues about vendor lock-in. Chief Income Officer Mike Gannon highlighted buyer success tales, together with contractors who improved bid processing from one each three days to 100 day by day by using AI-powered analytics.
Snowflake is broadening its addressable market by way of specialised options for the federal government and automotive sectors. Its consumption-based mannequin advantages from elevated workload complexity and AI-driven use circumstances, with clients viewing knowledge infrastructure as important for enterprise transformation fairly than operational overhead.
Snowflake is forecast to extend gross sales from US$3.62 billion in fiscal 2025 to US$10.1 billion in fiscal 2030. On this interval, its free money circulation (FCF) is forecast to develop from US$844 million to US$4 billion. If the tech inventory is priced at 40 occasions ahead FCF, it may greater than double over the subsequent 4 years.
The bull case for AMD inventory
Superior Micro Units (NASDAQ:AMD) designs and manufactures microprocessors, graphics processors, and associated semiconductor applied sciences for knowledge centres, PCs, gaming, and embedded techniques worldwide.
The semiconductor large demonstrated robust momentum at its Advancing AI 2025 occasion, unveiling the MI350 Sequence accelerators and previewing the transformative MI400 Sequence for 2026.
CEO Lisa Su emphasised AMD’s place within the quickly increasing AI market, with knowledge middle AI accelerator TAM anticipated to exceed $500 billion by 2028, pushed primarily by inference workloads rising over 80% yearly.
AMD’s MI355 flagship accelerator delivers an enormous 4 occasions generational efficiency leap with industry-leading 288GB of reminiscence, able to operating 520 billion parametre fashions on a single graphics processing unit.
The chip supplies as much as 40% higher value per token than rivals, positioning AMD firmly within the inference market. Early buyer deployments at xAI, Meta, Oracle, and Microsoft validate the platform’s manufacturing readiness.
Strategic partnerships with open-source frameworks, corresponding to vLLM and SGLang, display aggressive benefits over proprietary options, enabling clients to realize superior throughput on AMD {hardware}.
With Q1 income up 36% to US$7.4 billion and knowledge centre section development of 57%, AMD seems well-positioned to capitalize on the AI infrastructure buildout whereas sustaining its dedication to open, programmable computing architectures.
AMD is forecast to extend gross sales from US$25.8 billion in 2024 to US$56 billion in 2029. On this interval, its FCF is forecast to develop from US$2.41 billion to US$15.2 billion. If the tech inventory is priced at 30 occasions ahead FCF, it may achieve near 100% over the subsequent 4 years.
