Snowflake stock skids as AI fears hit software; SNOW eyes Feb. 25 earnings
Snowflake Inc shares fell 7.5% to $160.24 by early afternoon Wednesday amid investor concerns over AI’s impact on software business models. The company announced a $200 million multi-year deal with OpenAI and launched new AI tools, including Cortex Code and Semantic View Autopilot. Snowflake’s fiscal 2026 results are due Feb. 25 after market close.