New York, February 10, 2026, 13:22 EST — Regular session
- Snowflake climbed roughly 4% in the afternoon, not far from an earlier session peak just under $188.
- After software stocks took a hit last week, attention has turned again to “AI agents” and tools for developers.
- Snowflake’s results and outlook, due Feb. 25, mark the next big catalyst for investors.
Snowflake Inc climbed roughly 4.3% to $183.47 in afternoon action Tuesday, building on its recent rebound. Shares earlier spiked to $188.49 before slipping back; the day’s low was $173.76.
Software stocks are clawing back some ground after last week’s steep drop, with investors worried that rapid AI developments might disrupt software business models and sustain volatility in the sector.
Timing is critical for Snowflake. The company’s model is usage-based—customers shell out more as they push more workloads through its platform. So, unless these new tools move from mere pilots to routine action, they won’t make a dent in revenue.
Snowflake, in a Feb. 9 press release, announced a slate of new product updates it says will help speed up the journey from brainstorming to real-world deployment for data and AI projects. Among the highlights: Cortex Code and Semantic View Autopilot are now generally available. The company also pointed to upgrades for Snowflake Postgres, with the promise these will operate natively within its AI Data Cloud. “For AI to truly deliver value, it must move beyond experimentation,” said Christian Kleinerman, EVP of Product at Snowflake. Zawya
General availability, the company calls it—a wide rollout rather than just a test or preview. As for semantic views, think business definitions everyone’s on board with, like nailing down what qualifies as revenue. The idea is to stop analytics and AI from working at cross purposes.
That latest wave of product launches comes on the heels of a $200 million partnership with OpenAI unveiled earlier this month—Snowflake plans to build OpenAI’s models right into its cloud data platform, letting users deploy AI “agents” that tackle tasks through natural-language prompts rather than code. The agreement puts Snowflake in the thick of a competitive scramble. Databricks is ramping up fast, Reuters noted, and pushing its own “Agent Bricks” framework. Reuters
Tuesday brought gains for the major stock indexes, with Treasury yields slipping as U.S. economic data came in on the softer side. “Yields are moving lower,” noted Peter Cardillo, chief market economist at Spartan Capital Securities, in comments to Reuters. Traders are now looking ahead to Wednesday, when the January U.S. employment report is set for release. Reuters
The setup has a flipside. Customers might see the new AI features as nice extras, not essentials, so actual usage could trail the hype. That lingering concern for software, too — AI tools potentially squeezing pricing power — still hasn’t disappeared.
Snowflake’s next earnings report is coming up. The data-warehousing firm plans to post its fourth-quarter and full-year fiscal 2026 results after U.S. markets close on Wednesday, February 25. A conference call is slated for 3 p.m. Mountain Time.
