Why SNOW Stock Is Falling Again: Snowflake Nears 52-Week Low as AI Worries Hit Software
Snowflake closed out Friday, April 10, at $121.11—a sharp 8.4% drop from Thursday’s $132.24 finish—as investors stepped up their exit from enterprise software stocks. Fresh worries about AI tools eating into demand for legacy software sent shares tumbling. That followed Thursday’s 11.72% plunge for Snowflake, a day when the S&P 500 actually gained 0.62%.
